Revenues and welfare in auctions with information release

Schweizer, Nikolaus; Szech, Nora

[working paper]

dc.contributor.author	Schweizer, Nikolaus	de
dc.contributor.author	Szech, Nora	de
dc.date.accessioned	2016-02-22T08:02:52Z
dc.date.available	2016-02-22T08:02:52Z
dc.date.issued	2015	de
dc.identifier.uri	http://www.ssoar.info/ssoar/handle/document/46220
dc.description.abstract	Auctions are the allocation-mechanisms of choice whenever goods and information in markets are scarce. Therefore, understanding how information affects welfare and revenues in these markets is of fundamental interest. We introduce new statistical concepts, k- and k-m-dispersion, for understanding the impact of information release. With these tools, we study the comparative statics of welfare versus revenues for auctions with one or more objects and varying numbers of bidders. Depending on which parts of a distribution of valuations are most affected by information release, welfare may react more strongly than revenues, or vice versa. (author's abstract)	en
dc.language	en	de
dc.subject.ddc	Wirtschaft	de
dc.subject.ddc	Economics	en
dc.title	Revenues and welfare in auctions with information release	de
dc.description.review	begutachtet	de
dc.description.review	reviewed	en
dc.source.volume	SP II 2015-301	de
dc.publisher.country	DEU
dc.publisher.city	Berlin	de
dc.source.series	Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, Abteilung Ökonomik des Wandels
dc.subject.classoz	National Economy	en
dc.subject.classoz	Volkswirtschaftstheorie	de
dc.subject.thesoz	Bewertung	de
dc.subject.thesoz	evaluation	en
dc.subject.thesoz	Information	de
dc.subject.thesoz	information	en
dc.subject.thesoz	Markt	de
dc.subject.thesoz	market	en
dc.subject.thesoz	Statistik	de
dc.subject.thesoz	statistics	en
dc.subject.thesoz	Umsatz	de
dc.subject.thesoz	turnover	en
dc.subject.thesoz	Auktion	de
dc.subject.thesoz	auction	en
dc.subject.thesoz	Wohlfahrt	de
dc.subject.thesoz	welfare	en
dc.rights.licence	Deposit Licence - Keine Weiterverbreitung, keine Bearbeitung	de
dc.rights.licence	Deposit Licence - No Redistribution, No Modifications	en
ssoar.contributor.institution	WZB	de
internal.status	formal und inhaltlich fertig erschlossen	de
internal.identifier.thesoz	10036171
internal.identifier.thesoz	10036968
internal.identifier.thesoz	10034440
internal.identifier.thesoz	10035432
internal.identifier.thesoz	10060536
internal.identifier.thesoz	10068068
internal.identifier.thesoz	10035126
dc.type.stock	monograph	de
dc.type.document	Arbeitspapier	de
dc.type.document	working paper	en
dc.source.pageinfo	31	de
internal.identifier.classoz	1090301
internal.identifier.document	3
dc.contributor.corporateeditor	Wissenschaftszentrum Berlin für Sozialforschung gGmbH
internal.identifier.corporateeditor	381
internal.identifier.ddc	330
dc.description.pubstatus	Veröffentlichungsversion	de
dc.description.pubstatus	Published Version	en
internal.identifier.licence	3
internal.identifier.pubstatus	1
internal.identifier.review	2
internal.identifier.series	920
dc.subject.classhort	10900	de
dc.identifier.handle	https://hdl.handle.net/10419/110635
internal.check.abstractlanguageharmonizer	CERTAIN

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