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A correction to uniqueness in "competitive bidding and proprietary information"

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Universidad de Montevideo: Facultad de Ciencias Empresariales y Economía
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Abstract

En esta nota muestro que existe un error en la prueba de unicidad del trabajo seminal de Engelbrecht-Wiggans, Milgron and Weber´s "Competitive Bidding and Proprietary information" y proporciono una demostración correcta. In this note I show that there is a mistake in the proof of uniqueness in Engelbrecht Wiggans, Milgrom and Weber.s seminal ."Competitive Bidding and Proprietary Information"and provide a correct proof.

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