Bauch, Gerrit; Riedel, Frank - 2022
investigated. We identify Knightian Uncertainty about the peer's distribution as the reason for its deterrent effect of an immature … dissolving. Modeling uncertainty by a compact environment around a reference distribution F in the Prohorov metric, we derive the … optimal price announcement for an ambiguity averse divider. The divider hedges against uncertainty for valuations close to the …