Private private information structures enable second-price auctions to achieve revenue arbitrarily close to maximum welfare in strict equilibrium, though bidder surplus cannot reach exact maximum welfare except under specific conditions on the prior distribution.
high region
1 Pith paper cite this work. Polarity classification is still indexing.
1
Pith paper citing it
fields
cs.GT 1years
2026 1verdicts
UNVERDICTED 1representative citing papers
citing papers explorer
-
Private Private Information in Second-Price Auction
Private private information structures enable second-price auctions to achieve revenue arbitrarily close to maximum welfare in strict equilibrium, though bidder surplus cannot reach exact maximum welfare except under specific conditions on the prior distribution.