Jehiel, Philippe; Mierendorff, Konrad - In: Theoretical economics : TE ; an open access journal in … 19 (2024) 4, pp. 1543-1579
We study the existence of efficient auctions in private value settings in which some bidders form their expectations about the distribution of their competitor's bids based on the accessible data from past similar auctions consisting of bids and ex post values. We consider steady states in such...