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econ.TH2026
The Limits of Price Discrimination with a Bayesian Seller
Yuan Deng, Yilin Li, Wei Tang +1
We study the limits of third-degree price discrimination when the production cost is Bayesian and private to the seller, generalizing the seminal work of Bergemann, Brooks and Morr…
econ.TH2026
Private Private Information in Second-Price Auction
Boyu Liu, Wei Tang, Zihe Wang +1
Classic results show that even an arbitrarily small correlation across bidders' information can enable full surplus extraction in auctions and related mechanism design settings. Mo…