Bennouri, Moez; Falconieri, Sonia - In: Economic Theory 28 (2006) 3, pp. 585-602
The paper analyzes a problem of optimal auction design when the seller faces asymmetrically informed bidders. Specifically, we consider a continuum of risk-neutral uninformed bidders taking part into the auction along with n risk-averse informed bidders. The contribution of the paper is...