Common Value Auctions and the Winner's Curse
An invaluable account of how auctions work—and how to make them work
Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "winner''s curse." In such auctions th...
An invaluable account of how auctions work—and how to make them work
Few forms of market exchange intrigue economists as do auctions, whose theoretical and practical implications are enormous. John Kagel and Dan Levin, complementing their own distinguished research with papers written with other specialists, provide a new focus on common value auctions and the "winner''s curse." In such auctions th...
