Chakraborty, Indranil - In: Economics Bulletin 4 (2005) 4, pp. 1-5
There are a number of examples in the auction literature (Perry and Reny, 1999, and Krishna, 2002) where releasing the seller's private information can lead to a lowering of expected revenue. On the other hand, releasing information always increases welfare. Levin and Smith (1994) point out that...
