… This literature considers one-shot auctions to which it appends a preliminary stage in which
… and/or acquire costly information. It typically studies exogenously given auction formats and …

… We consider an auction environment with costly entry wherein the cost mainly stems from
information acquisition. Bidders are endowed with original estimates (“types”) about their …

… , and establish that the value of information is higher in decision … auctions: we are able to
show that a first price auction induces more information acquisition than a second price auction. …

… show that, from a system-level perspective, the overall cost of information acquisition is
substantially lower in this new auction when it is compared to a classic auction mechanism. …

… We present a model to study costly information acquisition in auctions. Our model consists …
They focus on efficient mechanisms where bidders can invest in costly information acquisition …

… information gathering. We develop a general framework for modeling information acquisition
… buyers, who can each gather information about their valuations prior to participation in the …

… is an important feature in most auctions where one’s exact private … auction format and the
cost of information acquisition we found bidders in most cases acquired too much information. …

… -bid and ascendingprice auctions, in a setting where information acquisition is … , information
acquisition is endogenous: bidders have to decide whether (and when) to acquire information…

… auctions (and general mechanisms) with large numbers of bidders and objects in the presence
of costly information acquisition. … costs of information acquisition. However, adding those …

… auction with one-sided asymmetric information. In Sect. 4, we consider the all-pay auction in
a context of information acquisition. … on the observability of information acquisition change. …