Revenue Maximization Under Unknown Private Values with Nonobligatory Inspection

Rethinking Informational Assumptions in Mechanism Design Mechanism design has proven to be very effective is soliciting buyers’ incentives and finding the optimal way of allocating scares resources. A common assumption in classic mechanism design, however, is that buyers have full information about their values. Motivated by application in e-commerce, Alaei et al. (2024) consider settings without this assumption and finds the optimal selling mechanism for them.