Haimanko, Ori; Sela, Aner; Orzach, Ram; Einy, Ezra - In: International Journal of Game Theory 30 (2002) 3, pp. 405-419
In a general model of common-value second-price auctions with differential information, we show equivalence between the following characteristics of a bidder: (i) having a dominant strategy; (ii) possessing superior information; (iii) being immune from winner's curse. When a dominant strategy...