Jian Li, Tatiana Lau, Eric Maskin, Jonathan D. Cohen, P. Read Montague, ...
Auctions, normally considered as devices facilitating trade, also provide a way to probe mechanisms governing one's valuation of some good or action. One of the most intriguing phenomena in auction...
The value of victory: social origins of the winner's curse in common value auctions
Jian Li, Tatiana Lau, Eric Maskin, Jonathan D. Cohen, P. Read Montague, ...
Auctions, normally considered as devices facilitating trade, also provide a way to probe mechanisms governing one's valuation of some good or action. One of the most intriguing phenomena in auction...