Three Essays on the Incentives for Information Acquisition and Information Sharing in Competitive Environments
Author | : Huiling Zhang |
Publisher | : |
Total Pages | : 158 |
Release | : 2015 |
ISBN-10 | : 1339183099 |
ISBN-13 | : 9781339183091 |
Rating | : 4/5 (091 Downloads) |
Book Synopsis Three Essays on the Incentives for Information Acquisition and Information Sharing in Competitive Environments by : Huiling Zhang
Download or read book Three Essays on the Incentives for Information Acquisition and Information Sharing in Competitive Environments written by Huiling Zhang and published by . This book was released on 2015 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: In chapter 4, I extend the analysis of chapter 3 to a first-price auction. I find that a limited-membership information-sharing alliance can lead to Pareto improvements when players' private values take three discrete types. Furthermore, the player outside the alliance benefit strictly more than alliance players from the alliance.