arxivcs.AIcs.GTcs.LG2026-06-28
How Much Due Diligence Before You Bid? Learning in Intractable Takeover Auctions
When two companies bid to buy the same target, no one knows exactly what the target is worth. Each bidder pays for due diligence: costly, imperfect homework that sharpens its own private estimate before it bids. How much of that homework is worth buying? We build a simple compute…