Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5059408 | Economics Letters | 2014 | 4 Pages |
Abstract
This paper describes a nearly optimal auction mechanism that does not require previous knowledge of the distribution of values of potential buyers. The mechanism we propose builds on the new literature on the elicitation of information from experts. We extend the latter to the case where the secret information shared by the experts-potential buyers in our model-can be used against them if it becomes public knowledge.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Natalia Lazzati, Matt Van Essen,