Asymmetric Information in Common-Value Auctions and Contests: Theory and Experiments
In common-value auctions and contests economic agents often have varying levels of information regarding the value of the good to be allocated. Using theoretical and experimental analysis, I examine the effect of such information asymmetry on behavior. Chapter II considers a model in which players c...
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Format: | Others |
Language: | en_US |
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2011
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Online Access: | http://hdl.handle.net/1969.1/ETD-TAMU-2010-08-8270 |