Schloss Dagstuhl - Leibniz-Zentrum für Informatik GmbH Schloss Dagstuhl - Leibniz-Zentrum für Informatik GmbH scholarly article en Larson, Kate License
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URN: urn:nbn:de:0030-drops-11592

Reducing Costly Information Acquisition in Auctions



Most auction research assumes that potential bidders have private information about their willingness to pay for an item. In reality, bidders often have to go through a costly information-gathering process in order to learn their valuations. Recent attempts at modelling this phenomena has brought to light complex strategic behavior arising from information-gathering, and has shown that traditional approaches to auction and mechanism design are not able to overcome it.

BibTeX - Entry

  author =	{Larson, Kate},
  title =	{{Reducing Costly Information Acquisition in Auctions}},
  booktitle =	{Computational Social Systems and the Internet},
  pages =	{1--7},
  series =	{Dagstuhl Seminar Proceedings (DagSemProc)},
  ISSN =	{1862-4405},
  year =	{2007},
  volume =	{7271},
  editor =	{Peter Cramton and Rudolf M\"{u}ller and Eva Tardos and Moshe Tennenholtz},
  publisher =	{Schloss Dagstuhl -- Leibniz-Zentrum f{\"u}r Informatik},
  address =	{Dagstuhl, Germany},
  URL =		{},
  URN =		{urn:nbn:de:0030-drops-11592},
  doi =		{10.4230/DagSemProc.07271.12},
  annote =	{Keywords: Auctions, Information Gathering}

Keywords: Auctions, Information Gathering
Seminar: 07271 - Computational Social Systems and the Internet
Issue date: 2007
Date of publication: 02.10.2007

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