This paper is concerned with information revelation in single-item auctions. We compute how much data needs to be transmitted in three strategically equivalent auctions-the Vickrey auction, the English auction and the recently proposed bisection auction-and show that in the truth-telling equilibrium the bisection auction is the best performer. (c) 2005 Elsevier B.V. All rights reserved.
|Number of pages||8|
|Journal||Operations Research Letters|
|Publication status||Published - Sept 2006|
- single-item auction
- communication complexity
- information revelation
- data transmission