Information acquisition during a descending auction (Q2447160)
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scientific article
| Language | Label | Description | Also known as |
|---|---|---|---|
| English | Information acquisition during a descending auction |
scientific article |
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Information acquisition during a descending auction (English)
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24 April 2014
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The authors prove, for the first time, that a dynamic auction with information acquisition may generate less revenue. They also prove that, due to its enhanced efficiency, the descending auction may still be a desirable format for auction designers.
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descending auction
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Dutch auction
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first-price sealed-bid auction
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information acquisition
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