EBSLG

 

 
European Business Schools Librarian's Group
Home About Series Subject/JEL codes Advanced Search
HEC Paris. Research Department Les Cahiers de Recherche - HEC Paris
 

No 785:
Linkage principle, Multi-dimensional Signals and Blind Auctions

FOUCAULT Thierry () and LOVO Stefano ()

Abstract: We compare the seller’s expected revenue in a second price sealed bid auction for a single object in which bidders receive multidimensional signals. Bidders’ valuations for the object depend on their signals and a signal observed privately by the seller. We show in various examples that the seller can be better off not revealing publicly his signal. Hence the linkage principle does not necessarily hold when bidders receive multidimensional signals.

Keywords: Auction Theory; Linkage Principle; Multidimensional Signals; Blind Auctions; (follow links to similar papers)

JEL-Codes: D44; (follow links to similar papers)

10 pages, August 1, 2003

Before downloading any of the electronic versions below you should read our statement on copyright.
Download GhostScript for viewing Postscript files and the Acrobat Reader for viewing and printing pdf files.

Full text versions of the paper:

6d2f84aa17c704b62d3c08adf70d9150.pdf    PDF-file
Download Statistics

Questions (including download problems) about the papers in this series should be directed to Sandra Dupouy ()
Report other problems with accessing this service to Sune Karlsson () or Helena Lundin ().

Programing by
Design Joakim Ekebom

Handle: RePEc:ebg:heccah:0785 This page was generated on 2014-12-14 17:56:19