Publications [#289603] of David McAdams

Journal Articles

1. McAdams, D, Strategic ignorance in a second-price auction, Economics Letters, vol. 114 no. 1 (January, 2012), pp. 83-85, Elsevier BV, ISSN 0165-1765 [doi]
   (last updated on 2024/04/24)

   Abstract:
   Suppose that bidders may publicly choose not to learn their values prior to a second-price auction with costly bidding. All equilibria with truthful bidding exhibit bidder ignorance when the number of bidders is sufficiently small. Ignorance considerations also affect the optimal reserve price. © 2011 Elsevier B.V.