Error message

Deprecated function: Array and string offset access syntax with curly braces is deprecated in include_once() (line 20 of /mnt/web104/a0/07/510451407/htdocs/includes/file.phar.inc).

Entry in First-price Auctions with Signaling

Printer-friendly version
Working paper
Author/s: 
Olivier Bos, Tom Truyts
Issue number: 
2016/17
Series: 
CORE Discussion Papers
Publisher: 
CORE, Louvain University
Year: 
2016
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.
Developed by Paolo Gittoi