Robust mechanisms under common valuation

S Du - Econometrica, 2018 - Wiley Online Library
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 …

Correlation-robust auction design

W He, J Li - Journal of Economic Theory, 2022 - Elsevier
We study the design of auctions when the auctioneer has limited statistical information about
the joint distribution of the bidders' valuations. More specifically, we consider an auctioneer …

Lemonade from lemons: Information design and adverse selection

N Kartik, W Zhong - arXiv preprint arXiv:2305.02994, 2023 - arxiv.org
A seller posts a price for a single object. The seller's and buyer's values may be
interdependent. We characterize the set of payoff vectors across all information structures …

Robustly optimal auction design under mean constraints

E Che - Proceedings of the 23rd ACM Conference on …, 2022 - dl.acm.org
We study a seller who sells a single good to multiple bidders with uncertainty over the joint
distribution of bidders' valuations, as well as bidders' higher-order beliefs about their …

Robust pricing with refunds

T Hinnosaar, K Kawai - The RAND Journal of Economics, 2020 - Wiley Online Library
Before purchase, a buyer of an experience good learns about the product's fit using various
information sources, including some of which the seller may be unaware of. The buyer …

Robust Technology Regulation

A Koh, S Sanguanmoo - arXiv preprint arXiv:2408.17398, 2024 - arxiv.org
We analyze how uncertain technologies should be robustly regulated. An agent develops a
new technology and, while privately learning about its harms and benefits, continually …

Efficient demands in a multi-product monopoly

KH Yang - Journal of Economic Theory, 2021 - Elsevier
This paper characterizes the efficient market demands among those with a fixed surplus
level in a multi-product monopoly, where the monopolist is able to produce a continuum of …

Distributionally robust optimal auction design under mean constraints

E Che - arXiv preprint arXiv:1911.07103, 2019 - arxiv.org
We study a seller who sells a single good to multiple bidders with uncertainty over the joint
distribution of bidders' valuations, as well as bidders' higher-order beliefs about their …

Buyer-optimal algorithmic consumption

S Ichihashi, A Smolin - arXiv preprint arXiv:2309.12122, 2023 - arxiv.org
An algorithm recommends a product to a buyer based on the product's value to the buyer
and its price. We characterize an algorithm that maximizes the buyer's expected payoff and …

Informational Intermediation, Market Feedback, and Welfare Losses

W Xu, KH Yang - 2022 - elischolar.library.yale.edu
This paper examines the welfare implications of third-party informational intermediation. A
seller sets the price of a product that is sold through an informational intermediary. The …