Decision Sciences
8 years ago

Insider Information Boosts Seller Revenue in Auctions, Study Finds.

Journal of Economic Theory
Can the Seller Benefit from an Insider in Common-Value Auctions?
Colin Campbell, Dan Levin

Paper Summary

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In some auctions, having an insider with good information can actually help the seller make more money. This is because the benefits of having more information outweigh any potential downsides. Even if a bidder's information is mixed up, they can still do well in an auction if their information is private. And sometimes, an insider might do better with less information about what other bidders know.