Information Aggregation in Double Auctions: Rational Expectations and the Winner's Curse

Expectations and the neutrality of money

Robert E. Lucas · Journal of Economic Theory · 1972 · 4.7K citations

Social Sciences, Economics, Behavioral Economics +5

Rational Expectations and the Aggregation of Diverse Information in Laboratory Security Markets

Charles R. Plott, Shyam Sunder · Econometrica · 1988 · 606 citations

Social Sciences, Economics, Behavioral Economics +12

Efficiency of Experimental Security Markets with Insider Information: An Application of Rational-Expectations Models

Charles R. Plott, Shyam Sunder · Journal of Political Economy · 1982 · 580 citations

Social Sciences, Business Economics, Economics +17

The Winner's Curse and Public Information in Common Value Auctions: Reply

Colin Campbell, John H. Kagel, Dan Levin · American Economic Review · 1999 · 522 citations

Business, Economics, Auction Theory +11

Information Impact and Allocation Rules in Auctions with Affiliated Private Values: A Laboratory Study

John H. Kagel, Ronald M. Harstad, Dan Levin · Econometrica · 1987 · 406 citations

Social Sciences, Business Economics, Economics +16