Information Impact and Allocation Rules in Auctions with Affiliated Private Values: A Laboratory Study

Authors:
  • JKJohn H. Kagel
    John H. Kagel
  • RHRonald M. Harstad
    Ronald M. Harstad
  • DLDan Levin
    Dan Levin
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Abstract
In affiliated private value auctions, each bidder has perfect information regarding his/her own value for the object at auction, but higher values of the item f...