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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 2020/10/19)

    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.

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