Ignorance promotes competition: An auction model with endogenous private valuations

RAND Journal of Economics

Volumn 35, Issue 3, 2004, Pages 583-598

  Ganuza, Juan José ^a  

^a UNIVERSITAT POMPEU FABRA   (Spain)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 8644290206     PISSN: 07416261     EISSN: None     Source Type: Journal    
DOI: 10.2307/1593709     Document Type: Article

References (21)

1. BERGEMANN, D. AND PESENDORFER, M. "Information Structures in Optimal Auctions." CEPR Working Paper no. DP2991, 2001.
2. - AND VÄLIMÄKI, J. "Market Diffusion with Two-Sided Learning." RAND Journal of Economics, Vol. 8 (1997), pp. 443-467.
3. BURKART, M. "Initial Shareholding and Overbidding in Takeovers Contest." Journal of Finance, Vol. 50 (1995), pp. 1491-1515.
4. CRÉMER, J. AND KHALIL, F. "Gathering Information Before Signing a Contract." American Economic Review, Vol. 82 (1992), pp. 566-578.
5. -, -, AND ROCHET, J.-C. "Gathering Information Before the Contract Is Offered." Journal of Economic Theory, Vol. 81 (1998), pp. 163-200.
6. DE-FRUTOS, M. AND ROSENTHAL, R. "On Some Myths About Sequenced Common-Value Auctions." Games and Economic Behavior, Vol. 23 (1998), pp. 201-221.
7. EDLIN, A. AND SHANNON, C. "Strict Monotonicity in Comparative Statics." Journal of Economic Theory, Vol. 81 (1998), pp. 201-219.
8. GANUZA, J.-J. "Competition and Cost Overruns. Optimal Misspecification of Procurement Contracts." Available at http://www.econ.upf.es/cgi-bin/onepaper?471.
9. EUROPEAN COMMISSION. Green Paper: Public Procurement in the European Union: Exploring the Way Forward, 1996. Available at http://europa.eu.int/comm/ internal_market/publicprocurement/docs/green-papers/gp9611_en.pdf.
10. LEWIS, T. AND SAPPINGTON, D.E.M. "Supplying Information to Facilitate Price Discrimination." International Economic Review, Vol. 35 (1994), pp. 309-327.
11. LUCKING-REILEY, D. "Auctions on the Internet: What's Being Auctioned, and How?" Journal of Industrial Economics, Vol. 48 (2000), pp. 227-252.
12. MATTHEWS, S. "Information Acquisition in Discriminatory Auctions." In M. Boyer and R.E. Kihlstrom, eds., Bayesian Models in Economic Theory. New York: Elsevier Publishers, 1984.
13. MILGROM, P. AND SHANNON, C. "Monotone Comparative Statics." Econometrica, Vol. 62 (1994), pp. 157-180.
14. - AND WEBER, R. "A Theory of Auctions and Competitive Bidding." Econometrica, Vol. 50 (1982), pp. 1089-1122.
15. MOSCARINI, G. AND OTTAVIANI, M. "Price Competition for an Informed Buyer." Journal of Economic Theory, Vol. 101 (2001), pp. 457-493.
16. OTTAVIANI, M. AND PRAT, A. "The Value of Public Information in Monopoly." Econometrica, Vol. 69 (2001), pp. 1673-1683.
17. PERRY, M. AND RENY, P. "On the Failure of the Linkage Principle in Multi-unit Auctions." Econometrica, Vol. 67 (1999), pp. 895-900.
18. PERSICO, N. "Information Acquisition in Auctions." Econometrica, Vol. 68 (2000), pp. 135-148.
19. SOBEL, J. "Information Control in the Principal-Agent Problem." International Economic Review, Vol. 34 (1993), pp. 259-269.
20. STEGEMAN, M. "Participation Cost and Efficient Auctions." Journal of Economic Theory, Vol. 71 (1996), pp. 228-259.
21. TAN, G. "Entry and R and D in Procurement Contracting. Journal of Economic Theory, Vol. 58 (1992), pp. 41-60.