Abstract
This paper is concerned with information revelation in single-item auctions. We compute how much data needs to be transmitted in three strategically equivalent auctions—the vickrey auction, the english auction and the recently proposed bisection auction—and show that in the truth-telling equilibrium the bisection auction is the best performer.
Original language | English |
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Pages (from-to) | 491-498 |
Number of pages | 8 |
Journal | Operations Research Letters |
Volume | 34 |
DOIs | |
Publication status | Published - 1 Jan 2006 |