Knightian Analysis of the Vickrey Mechanism
We analyze the Vickrey mechanism for auctions of multiple identical goods when the players have both Knightian uncertainty over their own valuations and incomplete preferences. In this model, the Vickrey mechanism is no longer dominant‐strategy, and we prove that all dominant‐strategy mechanisms are...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
The Econometric Society
2016
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| Online Access: | http://hdl.handle.net/1721.1/100962 https://orcid.org/0000-0002-0816-4064 |