Robustness in mechanism design and contracting

G Carroll - Annual Review of Economics, 2019 - annualreviews.org
This review summarizes a nascent body of theoretical research on design of incentives
when the environment is not fully known to the designer and offers some general lessons …

Robustness and separation in multidimensional screening

G Carroll - Econometrica, 2017 - Wiley Online Library
A principal wishes to screen an agent along several dimensions of private information
simultaneously. The agent has quasilinear preferences that are additively separable across …

Optimal selling mechanisms under moment conditions

V Carrasco, VF Luz, N Kos, M Messner… - Journal of Economic …, 2018 - Elsevier
We study the revenue maximization problem of a seller who is partially informed about the
distribution of buyer's valuations, only knowing its first N moments. The seller chooses the …

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 …

Prior-independent optimal auctions

A Allouah, O Besbes - Management Science, 2020 - pubsonline.informs.org
Auctions are widely used in practice. Although auctions are also extensively studied in the
literature, most of the developments rely on the significant common prior assumption. We …

Distributionally robust pricing in independent private value auctions

A Suzdaltsev - Journal of Economic Theory, 2022 - Elsevier
A seller chooses a reserve price in a second-price auction to maximize worst-case expected
revenue when she knows only the mean of value distribution and an upper bound on either …

Robust contracting with additive noise

G Carroll, D Meng - Journal of Economic Theory, 2016 - Elsevier
We investigate the idea that linear contracts are reliable because they give the same
incentives for effort at every point along the contract. We ask whether this reliability leads to …

An optimal distributionally robust auction

A Suzdaltsev - arxiv preprint arxiv:2006.05192, 2020 - arxiv.org
An indivisible object may be sold to one of $ n $ agents who know their valuations of the
object. The seller would like to use a revenue-maximizing mechanism but her knowledge of …

Robust contracting under common value uncertainty

S Auster - Theoretical Economics, 2018 - Wiley Online Library
A buyer makes an offer to a privately informed seller for a good of uncertain quality. Quality
determines both the seller's valuation and the buyer's valuation, and the buyer evaluates …

Distributional robustness: From pricing to auctions

N Bachrach, I Talgam-Cohen - arxiv preprint arxiv:2205.09008, 2022 - arxiv.org
Robust mechanism design is a rising alternative to Bayesian mechanism design, which
yields designs that do not rely on assumptions like full distributional knowledge. We apply …