Efficiency and information aggregation in auctions

American Economic Review

Volumn 90, Issue 3, 2000, Pages 499-525

  Pesendorfer, Wolfgang ^a   Swinkels, Jeroen M ^b  

^a PRINCETON UNIVERSITY   (United States)

^b WASHINGTON UNIVERSITY IN ST LOUIS   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 0000779299     PISSN: 00028282     EISSN: None     Source Type: Journal    
DOI: 10.1257/aer.90.3.499     Document Type: Article

References (11)

1. Feddersen, Timothy and Pesendorfer, Wolfgang. "Voting Behavior and Information Aggregation in Elections with Private Information." Econometrica, September 1997, 65(5), pp. 1029-58.
2. Grossman, Sanford and Stiglitz, Joseph E. "Information and Competitive Price Systems." American Economic Review, May 1976 (Papers and Proceedings), 66(2), pp. 246-53.
3. Haile, Philip A. "Auctions with Resale Markets." Ph.D. dissertation, Northwestern University, December 1996.
4. Jackson, Matthew O. "Efficiency and Information Aggregation in Auctions with Costly Information." Mimeo, California Institute of Technology, 1999a.
5. _. "The Non-existence of Equilibrium in Auctions with Two Dimensional Types." Mimeo, California Institute of Technology, 1999b.
6. Milgrom, Paul R. "A Convergence Theorem for Competitive Bidding with Differential Information." Econometrica, May 1979, 47(3), pp. 670-88.
7. _. "Rational Expectations, Information Acquisition, and Competitive Bidding." Econometrica, July 1981, 49(4), pp. 921-43.
8. Milgrom, Paul R. and Weber, Robert J. "A Theory of Auctions and Competitive Bidding." Econometrica, September 1982, 50(5), pp. 1089-122.
9. Pesendorfer, Wolfgang and Swinkels, Jeroen M. "Efficiency and Information Aggregation in Auctions." Center for Mathematical Studies in the Social Sciences Discussion Paper No. 1168, Northwestern University, 1996.
10. _. "The Loser's Curse and Information Aggregation in Common Value Auctions." Econometrica, November 1997, 65(6), pp. 1247-82.
11. Wilson, Robert. "A Bidding Model of Perfect Competition." Review of Economic Studies, October 1977, 44(3), pp. 511-18.