Orchestrating Information Acquisition
研究了在竞拍者拥有初始估值且可付费获取更多信息的环境中，如何设计单轮和完全顺序的入围规则来优化信息获取，对拍卖机制设计者有用。
We study how to orchestrate information acquisition in an environment where bidders endowed with original estimates (“types”) about their private values can acquire further information by incurring a cost. We consider both single-round and fully sequential short-listing rules. The optimal single-round shortlisting rule admits the set of most efficient bidders that maximizes expected virtual surplus adjusted by the second-stage signal and information acquisition cost. When shortlisting is fully sequential, at each round, the most efficient remaining bidder is admitted provided that her conditional expected contribution to the virtual surplus is positive.