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Auctions as Experiments
We study the information content of bids in auctions about the distribution of values. Which auction formats provide better information about the value distribution? Our main result shows that among a large class of standard auctions (e.g., kth-price, all-pay), the first-price auction is (Lehmann) most informative.
Date:
27 February 2026, 14:15
Venue:
Manor Road Building, Manor Road OX1 3UQ
Venue Details:
Seminar Room G
Speaker:
Yuhta Ishii (The Pennsylvania State University)
Organising department:
Department of Economics
Part of:
Nuffield Economic Theory Seminar
Booking required?:
Not required
Audience:
Members of the University only
Editor:
Edward Valenzano
