Bidding with money or action plans ? Asset allocation under strategic uncertainty ∗

Abstract

We consider, theoretically and experimentally, several alternative mechanisms to allocate assets when the future value of an asset is unknown at the time of allocation because of strategic uncertainty. We compare the performance of auctions (bidding with money) for the right to play the minimum effort coordination game with a competitive allocation process… (More)

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Cite this paper

@inproceedings{Sherstyuk2015BiddingWM, title={Bidding with money or action plans ? Asset allocation under strategic uncertainty ∗}, author={Katerina Sherstyuk and Nina Karmanskaya and Pavel Teslia}, year={2015} }