Truyts, Tom
[CEREC, Saint-Louis University, Center for Economic Studies, UCL, CORE ]
Bos, Olivier
[Panthéon-Assas University, LEMMA ]
We study the optimal entry fee in a symmetric private value first-price auction with signaling, in which the participation decisions and the auction outcome are used by an outside observer to infer the bidders types. We show that this auction has a unique fully separating equilibrium bidding function. The expected revenue maximizing entry fee is the maximal fee that guarantees full participation.
Bibliographic reference |
Truyts, Tom ; Bos, Olivier . Entry in First-price Auctions withSignaling. (2016) |
Permanent URL |
http://hdl.handle.net/2078.1/174117 |