Knightian auctions
We study single-good auctions in a setting where each player knows his own valuation only within a constant multiplicative factor δ ∈ (0, 1), and the mech- anism designer knows δ. The classical notions of implementation in dominant strategies and implementation in undominated strategies are naturall...
| Main Authors: | , , |
|---|---|
| Format: | Working Paper |
| Language: | en_US |
| Published: |
© Massachusetts Institute of Technology
2022
|
| Online Access: | https://hdl.handle.net/1721.1/141764 |