2 papers
econ.TH2022
Revenue Comparisons of Auctions with Ambiguity Averse Sellers
Sosung Baik, Sung-Ha Hwang
We study the revenue comparison problem of auctions when the seller has a maxmin expected utility preference. The seller holds a set of priors around some reference belief, interpr…
econ.TH2021
Auction design with ambiguity: Optimality of the first-price and all-pay auctions
Sosung Baik, Sung-Ha Hwang
We study the optimal auction design problem when bidders' preferences follow the maxmin expected utility model. We suppose that each bidder's set of priors consists of beliefs clos…