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Information Dispersion and Auction Prices

Authors: Pai-Ling Yin;

Information Dispersion and Auction Prices

Abstract

This paper derives comparative static implications of Nash equilibrium bidding in a mineral rights model of auctions. It then tests these implications to assess whether a model of Nash equilibrium behavior in a CV information structure characterizes eBay online computer auctions. Market data is augmented by survey data in order to determine the information structure and bidding behavior in these auctions. This external information permits joint identi…cation of Nash bidding behavior and common values. By imposing structure on the measurement error in my survey data, I am able = =

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
16
Average
Top 10%
Top 10%
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