Hadi Yektas

We don’t have enough information about this author to calculate their statistics. If you think this is an error let us know.
Learn More
We consider an environment where the sale can take place so early that both the seller and the potential buyers have the same uncertainty about the quality of the good. We present a simple model that allows the seller to put the good for sale before or after this uncertainty is resolved, , namely via forward auction or spot auction, respectively. We solve(More)
We study dominant strategy implementable direct mechanisms that minimize the expected surplus from core deviations. Using incentive compatibility conditions, we formulate the core deviation miminimization problem as a calculus of variations problem and then numerically solve it for some particular cases. JEL Classi…cations Codes: D44, C71 Keywords: Core,(More)
  • 1