A Simple Model of Expert and Non-Expert Bidding in First-Price Auctions

• 1 August 1996
• journal article
• Published by Elsevier in Journal of Economic Theory
• Vol. 70  (2) , 501-515
• https://doi.org/10.1006/jeth.1996.0101

Abstract

Keywords

• EXPERT BIDDING
• PRICE AUCTIONS
• SIMPLE MODEL
• MODEL OF EXPERT