| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5072039 | Games and Economic Behavior | 2012 | 18 Pages |
Abstract
⺠Study signaling in ascending auctions and its effect on social efficiency. ⺠Analyze two substitutesʼ items: without signaling, no ex-post efficient equilibrium exists. ⺠In contrast, with signaling: show an ex-post equilibrium that is ex-post efficient. ⺠On the equilibrium path: initially report true demands, then a single demand reduction. ⺠This demand reduction is determined via a single communication bit.
Related Topics
Social Sciences and Humanities
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Economics and Econometrics
Authors
Ron Lavi, Sigal Oren,