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econ.TH2026
Auctions as Experiments
Mira Frick, Ryota Iijima, Yuhta Ishii +1
Consider an auction with buyers whose values depend on an underlying state (e.g., market fundamentals). How does the auction format shape the information that buyers' bids reveal a…
econ.TH2026
Contagious Ambiguity
Mira Frick, Ryota Iijima, Daisuke Oyama
We study the strategic impact of ambiguity through the channel of higher-order beliefs. We show that even small amounts of prior ambiguity about game payoffs can generate arbitrari…