Bergemann, Dirk; Brooks, Ben; Morris, Stephen - In: Theoretical economics : TE ; an open access journal in … 15 (2020) 4, pp. 1399-1434
is omitted from the auction. If the object is optimally sold with probability less than one, then optimal mechanisms skew … the allocation towards bidders with lower signals. This can be implemented via a modified Vickrey auction, where there is …