License: Creative Commons Attribution 4.0 International license (CC BY 4.0)
When quoting this document, please refer to the following
DOI: 10.4230/DagSemProc.07271.12
URN: urn:nbn:de:0030-drops-11592
URL: http://dagstuhl.sunsite.rwth-aachen.de/volltexte/2007/1159/
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Larson, Kate

Reducing Costly Information Acquisition in Auctions

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Abstract

Most auction research assumes that potential bidders have private information about their willingness to pay for an item. In reality, bidders often have to go through a costly information-gathering process in order to learn their valuations. Recent attempts at modelling this phenomena has brought to light complex strategic behavior arising from information-gathering, and has shown that traditional approaches to auction and mechanism design are not able to overcome it.

BibTeX - Entry

@InProceedings{larson:DagSemProc.07271.12,
  author =	{Larson, Kate},
  title =	{{Reducing Costly Information Acquisition in Auctions}},
  booktitle =	{Computational Social Systems and the Internet},
  pages =	{1--7},
  series =	{Dagstuhl Seminar Proceedings (DagSemProc)},
  ISSN =	{1862-4405},
  year =	{2007},
  volume =	{7271},
  editor =	{Peter Cramton and Rudolf M\"{u}ller and Eva Tardos and Moshe Tennenholtz},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{https://drops.dagstuhl.de/opus/volltexte/2007/1159},
  URN =		{urn:nbn:de:0030-drops-11592},
  doi =		{10.4230/DagSemProc.07271.12},
  annote =	{Keywords: Auctions, Information Gathering}
}

Keywords: Auctions, Information Gathering
Collection: 07271 - Computational Social Systems and the Internet
Issue Date: 2007
Date of publication: 02.10.2007

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