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In a general auction framework with independent private values, we propose a game, with a simple economic interpretation, that allows to implement the revenue-maximizing auction outcome when the seller ignores the distributions of the different bidders’ valuations. In this detail-free...
Persistent link: https://www.econbiz.de/10005753048
In a general framework with independent private values of the bidders, we propose a game, with a simple economic interpretation, that allows implementing the optimal auction outcome when the seller ignores the distributions of the different bidders' valuations. In this robust or detail-free...
Persistent link: https://www.econbiz.de/10005100700
Persistent link: https://www.econbiz.de/10003015059