Selling to Advised Buyers
© 2019 American Economic Association. All Rights Reserved. In many cases, buyers are not informed about their valuations and rely on experts, who are informed but biased for overbidding. We study auction design when selling to such "advised buyers." We show that a canonical dynamic auction...
| Main Authors: | , |
|---|---|
| Other Authors: | |
| Format: | Article |
| Language: | English |
| Published: |
American Economic Association
2021
|
| Online Access: | https://hdl.handle.net/1721.1/135059 |