Common Value Auctions with Asymmetric Bidder Information

Priyodorshi Banerjee
2003 Social Science Research Network  
We study a first price auction with two asymmetric bidders. A unique generically asymmetric equilibrium exists under some conditions. Aggressive bidding is not necessarily associated with inferiority of information. Reduction in asymmetry can have an ambiguous effect on revenue. D
doi:10.2139/ssrn.1260238 fatcat:bnmt24i7bfeibkne5en6c64t4y