Robust Mechanisms Under Common Valuation

S-Tier
Journal: Econometrica
Year: 2018
Volume: 86
Issue: 5
Pages: 1569-1588

Score contribution per author:

8.073 = (α=2.02 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

I construct an informationally robust auction to sell a common‐value good. I examine the revenue guarantee of an auction over all information structures of bidders and all equilibria. As the number of bidders gets large, the revenue guarantee of my auction converges to the full surplus, regardless of how information changes as more bidders are added. My auction also maximizes the revenue guarantee when there is a single bidder.

Technical Details

RePEc Handle
repec:wly:emetrp:v:86:y:2018:i:5:p:1569-1588
Journal Field
General
Author Count
1
Added to Database
2026-01-25