Three Essays On The Incentives For Information Acquisition And Information Sharing In Competitive Environments
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Three Essays on the Incentives for Information Acquisition and Information Sharing in Competitive Environments
Author | : Huiling Zhang |
Publisher | : |
Total Pages | : 158 |
Release | : 2015 |
Genre | : Auctions |
ISBN | : 9781339183091 |
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In chapter 4, I extend the analysis of chapter 3 to a first-price auction. I find that a limited-membership information-sharing alliance can lead to Pareto improvements when players' private values take three discrete types. Furthermore, the player outside the alliance benefit strictly more than alliance players from the alliance.
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