• 00:00    |    
    Initial credits
  • 00:20    |    
  • 29.3    |    
    What is a common-value auction?
  • 01:04    |    
    Can you give us an example?
  • 01:45    |    
    Dispute over oil in the Falkland Islands
  • 02:13.5    |    
    Why are common-value auctions such an interesting subject?
  • 02:46    |    
    What is the difference between a common-value and an independent private-value auction?
  • 04:02    |    
    What are the empirical findings from experiments?
  • 05:05    |    
    What is asymmetric information in common-value auctions?
  • 06:15    |    
    What are the general findings of your research in asymmetric information in common-value auctions?
  • 07:20    |    
    What are the implications of your research?
  • 08:7.5    |    
    Final words
  • 08:19    |    
    Final credits

Common-Value Auctions

New Media  | 19 de febrero de 2010  | Vistas: 28

A huge array of goods and services are bought and sold at auction and understanding why bidders bid the way they do has become an important area of study. In this interview, Lucas Rentschler describes common-value auctions and how they differ from private-value auctions. He also discusses asymmetric information and how it influences the auction process. Finally, Rentschler outlines some of the findings of his research on asymmetric information in common-value auctions.


Lucas Rentschler is an expert in the fields of microeconomic theory,…


Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín