English, Article, Journal or magazine article edition: Linkage principle, Multi-dimensional Signals and Blind Auctions Thierry, FOUCAULT; Stefano, LOVO

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Bookmark: http://trove.nla.gov.au/version/23018
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Linkage principle, Multi-dimensional Signals and Blind Auctions
Author
  • Thierry, FOUCAULT
  • Stefano, LOVO
Physical Description
  • preprint
Notes
  • We compare the seller’s expected revenue in a second price sealed bid auction for a single object in which bidders receive multidimensional signals. Bidders’ valuations for the object depend on their signals and a signal observed privately by the seller. We show in various examples that the seller can be better off not revealing publicly his signal. Hence the linkage principle does not necessarily hold when bidders receive multidimensional signals.
  • Auction Theory; Linkage Principle; Multidimensional Signals; Blind Auctions
  • RePEc:ebg:heccah:0785
Language
  • English
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