Using bidder asymmetry to increase seller revenue

Paul Povel, Rajdeep Singh

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

We construct the optimal selling mechanism in a pure common value environment with two bidders that are not equally well informed. With an optimal mechanism, the seller benefits from bidder asymmetry: her expected revenue increases if the bidder asymmetry increases.

Original languageEnglish (US)
Pages (from-to)17-20
Number of pages4
JournalEconomics Letters
Volume84
Issue number1
DOIs
StatePublished - Jul 2004

Keywords

  • Asymmetric bidders
  • Auctions
  • Common value

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