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Related Faculty

Ilia Tsetlin
Professor of Decision Sciences
Keywords
DS151007; Information Aggregation; Common-Value Auctions; Uncertain Level of Competition
Journal Article
Harstad R., Sasa Pekec A., Tsetlin I. (2008). Information Aggregation in Auctions with an Unknown Number of Bidders Games and Economic Behavior, 62(2), pp. 476-508.
Information aggregation, a key concern for uniform-price common-value auctions with many bidders, has been characterized in models where bidders know exactly how many rivals they face. A model allowing for uncertainty over the number of bidders in an auction is developed.