We use the tools of mechanism design, combined with the theory of risk measures, to analyze how a cash constrained owner of an asset with known stochastic returns raises capital from a population of investors that differ in their risk aversion and budget constraints. The issuer partitions the...

Arne Ryde Memorial Lectures Series List -- Contents -- About the Arne Ryde Foundation -- Acknowledgments -- 1 Introduction -- 2 The Sequential Assignment of Heterogeneous Objects -- 3 Dynamic Revenue Maximization with Heterogeneous Objects -- 4 The Stochastic and Dynamic Knapsack Model -- 5...

[This item is a preserved copy. To view the original, visit http://econtheory.org/] This paper considers an auction design framework in which bidders get partial feedback about the distribution of bids submitted in earlier auctions: either bidders are asymmetric but past bids are disclosed in an...