Konferenzbeitrag
Revenues and Welfare in Auctions with Information Release
Auctions are the allocation-mechanisms of choice whenever goods and information in a market are scarce. Therefore, understanding how information in these markets affects welfare and revenues is of fundamental interest. We introduce new mathematical concepts, k- and k-m-dispersion, for understanding the impact of information. With these tools, we study the comparative statics of welfare versus revenues for markets with one or more objects and varying numbers of bidders. Depending on which parts of a distribution of valuations are most affected by release of information, welfare may react more strongly than revenues, or vice versa.
- Language
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Englisch
- Bibliographic citation
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Series: Beiträge zur Jahrestagung des Vereins für Socialpolitik 2015: Ökonomische Entwicklung - Theorie und Politik - Session: Auctions ; No. F12-V2
- Classification
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Wirtschaft
Auctions
Asymmetric and Private Information; Mechanism Design
Market Design
- Event
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Geistige Schöpfung
- (who)
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Szech, Nora
Schweizer, Nikolaus
- Event
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Veröffentlichung
- (when)
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2015
- Handle
- Last update
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10.03.2025, 11:43 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Konferenzbeitrag
Associated
- Szech, Nora
- Schweizer, Nikolaus
Time of origin
- 2015
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Fiscal Revenues Decentralization And Regional Economic Growth
Intensity-based rebating of emissions pricing revenues
The tax incidence on the revenues of Romanian crop farms
Do Natural Resource Revenues Hinder Financial Development? The Role of Political Institutions
Voluntary Disclosure of Evaded Taxes - Increasing Revenues, or Increasing Incentives to Evade?
Competition in Austrian Treasury Auctions
Piracy and Movie Revenues: Evidence from Megaupload. A Tale of the Long Tail?