It is a well-known and extensively studied phenomenon that market participants in possession of private information actively trade in the stock market. Less known and researched are informed trading activities in the options market. Nevertheless, various incentives such as low initial capital,...

Foreword -- Introduction -- Robust mechanism design -- Ex post implementation -- Robust implementation in direct mechanisms -- Robust implementation in general mechanisms -- The role of the common prior in robust implementation -- An ascending auction for interdependent values : uniqueness and...