{"status":"ok","message-type":"work","message-version":"1.0.0","message":{"indexed":{"date-parts":[[2025,6,18]],"date-time":"2025-06-18T04:30:12Z","timestamp":1750221012147,"version":"3.41.0"},"reference-count":13,"publisher":"Association for Computing Machinery (ACM)","issue":"2","license":[{"start":{"date-parts":[[2019,5,7]],"date-time":"2019-05-07T00:00:00Z","timestamp":1557187200000},"content-version":"vor","delay-in-days":0,"URL":"https:\/\/www.acm.org\/publications\/policies\/copyright_policy#Background"}],"content-domain":{"domain":["dl.acm.org"],"crossmark-restriction":true},"short-container-title":["SIGecom Exch."],"published-print":{"date-parts":[[2019,5,7]]},"abstract":"<jats:p>We explore the impact of private information in sealed-bid first-price auctions. For a given symmetric and arbitrarily correlated prior distribution over values, we characterize the impact that the structure of private information has on bidding behavior, and the sharing of surplus between the seller and the bidder. Our results provide lower bounds and upper bounds for bids and revenues across all information structures. Our work has implications for the identification of value distributions from data on winning bids and for the informationally robust comparison of alternative bidding mechanisms.<\/jats:p>","DOI":"10.1145\/3331041.3331045","type":"journal-article","created":{"date-parts":[[2019,5,8]],"date-time":"2019-05-08T14:11:11Z","timestamp":1557324671000},"page":"27-37","update-policy":"https:\/\/doi.org\/10.1145\/crossmark-policy","source":"Crossref","is-referenced-by-count":0,"title":["First-price auctions with general information structures"],"prefix":"10.1145","volume":"16","author":[{"given":"Dirk","family":"Bergemann","sequence":"first","affiliation":[{"name":"Yale University"}]},{"given":"Benjamin","family":"Brooks","sequence":"additional","affiliation":[{"name":"University of Chicago"}]},{"given":"Stephen","family":"Morris","sequence":"additional","affiliation":[{"name":"Princeton University"}]}],"member":"320","published-online":{"date-parts":[[2019,5,7]]},"reference":[{"key":"e_1_2_1_1_1","doi-asserted-by":"publisher","DOI":"10.1257\/aer.20130848"},{"volume-title":"Informationally Robust Auction Design,\" Tech. rep","year":"2016","author":"Bergemann D.","key":"e_1_2_1_2_1"},{"key":"e_1_2_1_3_1","doi-asserted-by":"publisher","DOI":"10.3982\/ECTA13958"},{"volume-title":"Selling to Intermediaries: Optimal Auction Design in a Common Value Model,\" Tech. rep","year":"2017","author":"Bergemann D.","key":"e_1_2_1_4_1"},{"volume-title":"Revenue Guarantee Equivalence,\" Tech. rep","year":"2018","author":"Bergemann D.","key":"e_1_2_1_5_1"},{"key":"e_1_2_1_6_1","doi-asserted-by":"publisher","DOI":"10.3982\/ECTA11105"},{"key":"e_1_2_1_7_1","doi-asserted-by":"publisher","DOI":"10.3982\/TE1808"},{"volume-title":"Optimal Auction Design with Common Values: An Informationally Robust Approach,\" Tech. rep","year":"2018","author":"Brooks B.","key":"e_1_2_1_8_1"},{"key":"e_1_2_1_9_1","first-page":"180","article-title":"Auctions vs Negotiations","volume":"86","author":"Bulow J.","year":"1996","journal-title":"American Economic Review"},{"key":"e_1_2_1_10_1","doi-asserted-by":"publisher","DOI":"10.2307\/2696372"},{"key":"e_1_2_1_11_1","doi-asserted-by":"publisher","DOI":"10.1016\/0304-4068(83)90034-4"},{"volume-title":"Auction Theory","year":"2002","author":"Krishna V.","key":"e_1_2_1_12_1"},{"key":"e_1_2_1_14_1","doi-asserted-by":"publisher","DOI":"10.1145\/2488608.2488635"}],"container-title":["ACM SIGecom Exchanges"],"original-title":[],"language":"en","link":[{"URL":"https:\/\/dl.acm.org\/doi\/10.1145\/3331041.3331045","content-type":"unspecified","content-version":"vor","intended-application":"text-mining"},{"URL":"https:\/\/dl.acm.org\/doi\/pdf\/10.1145\/3331041.3331045","content-type":"unspecified","content-version":"vor","intended-application":"similarity-checking"}],"deposited":{"date-parts":[[2025,6,18]],"date-time":"2025-06-18T00:26:05Z","timestamp":1750206365000},"score":1,"resource":{"primary":{"URL":"https:\/\/dl.acm.org\/doi\/10.1145\/3331041.3331045"}},"subtitle":["a short introduction"],"short-title":[],"issued":{"date-parts":[[2019,5,7]]},"references-count":13,"journal-issue":{"issue":"2","published-print":{"date-parts":[[2019,5,7]]}},"alternative-id":["10.1145\/3331041.3331045"],"URL":"https:\/\/doi.org\/10.1145\/3331041.3331045","relation":{},"ISSN":["1551-9031"],"issn-type":[{"type":"electronic","value":"1551-9031"}],"subject":[],"published":{"date-parts":[[2019,5,7]]},"assertion":[{"value":"2019-05-07","order":2,"name":"published","label":"Published","group":{"name":"publication_history","label":"Publication History"}}]}}