I investigate the decision problem of a player in a game of incomplete information who faces uncertainty about the … uncertainty. A bidder following this decision criterion in a first-price auction expects all other bidders to bid their highest …

The purpose of this paper is to analyse the impact of supply uncertainty on the formation of prices and on the seller …'s expected revenue in sequential first- and second-price sealed bid auctions. …

uncertainty principle. Problems, which can be solved, research fields, which can be augmented or created, and fields of …

of risk, both being associated to the stresses supported by the socio-economic system. We propose instruments for … resilience build-up and management based on a novel classification of risk and resilience management regimes corresponding to the … system's degree of uncertainty/predictability and stress level within it. Four main quadrants are identified: Ad hoc …

Bidding in first-price auctions crucially depends on the beliefs of the bidders about their competitors' willingness to … uncertainty a bidder will expect to face the distribution of valuations that minimizes her expected utility, given her bid is an …

The usual analysis of bidding in first-price auctions assumes that bidders know the distribution of valuations. We … analyze first-price auctions in which bidders do not know the precise distribution of their competitors' valuations, but only …

uncertainty about abatement costs and environmental damages. Such a ‘Rules Treaty’ comprises a scaling factor and a refunding rule … international agency is allowed to issue additional permits in accordance with the scaling factor. The agency auctions all …