Gizatulina, Alia; Hellwig, Martin - In: Journal of Mathematical Economics 51 (2014) C, pp. 136-153
Neeman (2004) and Heifetz and Neeman (2006) have shown that, in auctions with incomplete information about payoffs, full surplus extraction is only possible if agents’ beliefs about other agents are fully informative about their own payoff parameters. They argue that the set of...