Research

 

 

 

 

 

 

Research

Here are two recent papers you can download. They are about common-value auctions, and how bidding can lead to an equilibrium price that aggregates individuals' private information about a commodity's true quality.

Pesendorfer and Swinkels in the Continuum

Learning in an Open Common-Value Auction

 

 

 

 

 

 

 

 

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