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Conservative-Bayesian Mechanism Design
Classical Bayesian mechanism design is "centralized," that is, the designer is assumed to know the distribution D from which the players' type profile has been drawn. We instead investigate a very "decentralized" Bayesian ...
We put forward a new class of mechanisms. In this extended abstract, we exemplify our approach only for single-good auctions in what we call a conservative-Bayesian setting. (Essentially, no common-knowledge about the ...