Bose, Subir; Ozdenoren, Emre; Pape, Andreas - In: Theoretical Economics 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...
