Using bidder asymmetry to increase seller revenue

Paul Povel; Rajdeep Singh

doi:10.1016/j.econlet.2003.12.003

Using bidder asymmetry to increase seller revenue

Paul Povel
, Rajdeep Singh

Administration (CSOM)

Research output: Contribution to journal › Article › peer-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 language	English (US)
Pages (from-to)	17-20
Number of pages	4
Journal	Economics Letters
Volume	84
Issue number	1
DOIs	https://doi.org/10.1016/j.econlet.2003.12.003
State	Published - Jul 2004

Keywords

Asymmetric bidders
Auctions
Common value

Publisher link

10.1016/j.econlet.2003.12.003

Find It

Find It at U of M Libraries

Cite this

@article{714d2413d71a4a2087b0d29470b36d6d,

title = "Using bidder asymmetry to increase seller revenue",

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.",

keywords = "Asymmetric bidders, Auctions, Common value",

author = "Paul Povel and Rajdeep Singh",

year = "2004",

month = jul,

doi = "10.1016/j.econlet.2003.12.003",

language = "English (US)",

volume = "84",

pages = "17--20",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier B.V.",

number = "1",

}

TY - JOUR

T1 - Using bidder asymmetry to increase seller revenue

AU - Povel, Paul

AU - Singh, Rajdeep

PY - 2004/7

Y1 - 2004/7

N2 - 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.

AB - 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.

KW - Asymmetric bidders

KW - Auctions

KW - Common value

UR - https://www.scopus.com/pages/publications/2542502498

UR - https://www.scopus.com/pages/publications/2542502498#tab=citedBy

U2 - 10.1016/j.econlet.2003.12.003

DO - 10.1016/j.econlet.2003.12.003

M3 - Article

AN - SCOPUS:2542502498

SN - 0165-1765

VL - 84

SP - 17

EP - 20

JO - Economics Letters

JF - Economics Letters

IS - 1

ER -

Using bidder asymmetry to increase seller revenue

Abstract

Keywords

Publisher link

Find It

Other files and links

Fingerprint

Cite this