no code implementations • 20 Oct 2022 • Benjamin Balzer, Antonio Rosato
We study reserve prices in auctions with independent private values when bidders are expectations-based loss averse.
no code implementations • 4 Jan 2022 • Benjamin Balzer, Johannes Schneider
We introduce \emph{informational punishment} to the design of mechanisms that compete with an exogenous status quo mechanism: Players can send garbled public messages with some delay, and others cannot commit to ignoring them.
