Download or read book Declining Prices in Sequential Auctions with Complete Revelation of Bids written by Karthik Natarajan Kannan and published by . This book was released on 2019 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: In a sequential-auction setting, the expected-winning price is shown to decline across two stages when all bids are revealed between the stages. The prices decline because bidders desire to hide their private valuation information. The hiding also leads to ine cient allocations.