A Principal-Agent Model of Bidding Firms in Multi-Unit Auctions


Principal-agent relationships between the supervisory board and the management of bidding firms in auctions are widespread in high-stakes auctions. Often only the agent has information about the value of the objects being sold. The board wants to maximize the profit, but the management wants to win the package with the highest value. In environments where… (More)

1 Figure or Table


  • Presentations referencing similar topics