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Bose, Subir; Ozdenoren, Emre; Pape, Andreas D. - In: Theoretical economics : TE ; an open access journal in … 1 (2006) 4, pp. 411-438

A crucial assumption in the optimal auction literature is that each bidder's valuation is known to be drawn from a unique distribution. In this paper we study the optimal auction problem allowing for ambiguity about the distribution of valuations. Agents may be ambiguity averse (modeled using...

Persistent link: https://www.econbiz.de/10011702781

Endogenous worst-case beliefs in first-price auctions

Gretschko, Vitali; Mass, Helene - 2018

uncertainty a bidder will expect to face the distribution of valuations that minimizes her expected utility, given her bid is an …

Persistent link: https://www.econbiz.de/10011946017

Uncertainty in Mechanism Design

Lopomo, Giuseppe; Rigotti, Luca; Shannon, Chris - 2021

This paper studies the design of mechanisms that are robust to misspecification. We introduce a novel notion of robustness that connects a variety of disparate approaches and study its implications in a wide class of mechanism design problems. This notion is quantifiable, allowing us to...

Persistent link: https://www.econbiz.de/10013241735

Robust mechanisms : the curvature case

Carrasco, Vinicius; Luz, Vitor Farinha; Monteiro, Paulo … - 2015 - First Version: June 2015

This note considers the problem of a principal (she) who faces a privately informed agent (he) and only knows one moment of the distribution from which his types are drawn. Payoffs are non-linear in the allocation and the principal maximizes her worst-case expected profits. We recast the robust...

Persistent link: https://www.econbiz.de/10011294299

Rank-dominant strategy and sincere voting

Okumura, Yasunori - In: Theory and decision : an international journal for … 90 (2021) 1, pp. 117-145

Persistent link: https://www.econbiz.de/10012433406

Uncertainty and robustness of surplus extraction

Lopomo, Giuseppe; Rigotti, Luca; Shannon, Chris - In: Journal of economic theory 199 (2022), pp. 1-30

Persistent link: https://www.econbiz.de/10013193311

Valuation of irreversible entry options under uncertainty and taxation

Alvarez, Luis H. R.; Schulz, Karl-Heinz - 1997

Persistent link: https://www.econbiz.de/10000978243

Entry under uncertainty

Poddar, Sougata - In: Technology, information and market dynamics : topics in …, (pp. 1-20). 2003

Persistent link: https://www.econbiz.de/10001762625

Investment in facility flexibility for early market entry under competitive uncertainty

Franza, Richard M.; Gaimon, Cheryl - In: Managing business interfaces : marketing, engineering, …, (pp. 3-37). 2004

Persistent link: https://www.econbiz.de/10001976145

Starting an R&D Project Under Uncertainty

Luttens, Roland Iwan - 2009

We study a two-stage R&D project with an abandonment option. Two types of uncertainty influence the decision to start R …&D. Demand uncertainty is modelled as a lottery between a proportional increase and decrease in demand. Technical uncertainty is … modelled as a lottery between a decrease and increase in the cost to continue R&D. We relate differences in uncertainty to …

Persistent link: https://www.econbiz.de/10013159738