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 …
revenue guarantee of an auction over all information structures of bidders and all equilibria …
Correlation-robust auction design
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 …
the joint distribution of the bidders' valuations. More specifically, we consider an auctioneer …
Lemonade from lemons: Information design and adverse selection
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 …
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 …
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 …
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 …
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 …
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 …
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 …
and its price. We characterize an algorithm that maximizes the buyer's expected payoff and …
Informational Intermediation, Market Feedback, and Welfare Losses
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 …
seller sets the price of a product that is sold through an informational intermediary. The …