Author(s)Azar, Pablo; Chen, Jing; Micali, Silvio
Theory of Computation
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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 underlying distribution of the players' valuations is required.) We prove that our mechanism is optimal in this challenging and realistic setting.