A Social-Welfare Optimal Probabilistic Mechanism for Knightian Single-Good Auctions
We provide an optimal probabilistic mechanism for maximizing social welfare in single-good auctions when each player does not know his true valuation for the good, but only a set of valuations that is guaranteed to include his true one.
Main Authors: | , , |
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Published: |
2012
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Online Access: | http://hdl.handle.net/1721.1/72584 |