Interim efficient auctions with interdependent valuations

Zeitschrift für Nationalökonomie - Tập 106 - Trang 83-93 - 2011
Serkan Kucuksenel1
1Department of Economics, Middle East Technical University, Ankara, Turkey

Tóm tắt

We provide a characterization of interim efficient auctions and examine their properties in the presence of informational interdependent valuations. We show that buyers can be awarded the auctioned item less often than the efficient level. We also show that buyers obtain the item more often as the degree of heterogeneity in preferences increases, even though profitability of trade does not depend on the heterogeneity in preferences.

Tài liệu tham khảo

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