{"id":"https://openalex.org/W7220713148","doi":"https://doi.org/10.48550/arxiv.2610.05650","title":"Payment Design under Belief Disagreement: Rent Placement, Bid Resolution, and Auction Choice","display_name":"Payment Design under Belief Disagreement: Rent Placement, Bid Resolution, and Auction Choice","publication_year":2026,"publication_date":"2026-10-05","ids":{"openalex":"https://openalex.org/W7220713148","doi":"https://doi.org/10.48550/arxiv.2610.05650"},"language":"en","primary_location":{"id":"pmh:oai:arXiv.org:2610.05650","doi":null,"is_oa":true,"landing_page_url":"https://arxiv.org/abs/2610.05650","pdf_url":"https://arxiv.org/pdf/2610.05650","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":"2331-8422","issn":["2331-8422"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},"volume":null,"type":"preprint","is_traditional":true,"indexed_in":["arxiv","datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://arxiv.org/pdf/2610.05650","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5102747127","display_name":"Lijian Lu","orcid":"https://orcid.org/0000-0002-3898-6448","observed_orcids":["https://orcid.org/0000-0002-3898-6448"]},"institutions":[{"id":"https://openalex.org/I200769079","display_name":"Hong Kong University of Science and Technology","ror":"https://ror.org/00q4vv597","country_code":"HK","type":"education","lineage":["https://openalex.org/I200769079"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"Lu, Lijian","raw_affiliation_strings":["HKUST Business School , Hong Kong University of Science and Technology ,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"HKUST Business School , Hong Kong University of Science and Technology ,","institution_ids":["https://openalex.org/I200769079"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5157752042","display_name":"Ce Zhang","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I200769079","display_name":"Hong Kong University of Science and Technology","ror":"https://ror.org/00q4vv597","country_code":"HK","type":"education","lineage":["https://openalex.org/I200769079"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"Zhang, Ce","raw_affiliation_strings":["HKUST Business School , Hong Kong University of Science and Technology ,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"HKUST Business School , Hong Kong University of Science and Technology ,","institution_ids":["https://openalex.org/I200769079"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I200769079"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11031","display_name":"Game Theory and Applications","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10991","display_name":"Game Theory and Voting Systems","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/payment-design","display_name":"payment design","score":0.7720000147819519},{"id":"https://openalex.org/keywords/belief-disagreement","display_name":"belief disagreement","score":0.8090000152587891},{"id":"https://openalex.org/keywords/information-rent","display_name":"information rent","score":0.5709999799728394},{"id":"https://openalex.org/keywords/truthful-reporting","display_name":"truthful reporting","score":0.6259999871253967},{"id":"https://openalex.org/keywords/first-price-auctions","display_name":"first-price auctions","score":0.6510000228881836},{"id":"https://openalex.org/keywords/auction-format-comparison","display_name":"auction format comparison","score":0.5220000147819519},{"id":"https://openalex.org/keywords/ebay-auctions","display_name":"eBay auctions","score":0.5899999737739563},{"id":"https://openalex.org/keywords/linear-programming","display_name":"linear programming","score":0.49000000953674316}],"concepts":[{"id":"https://openalex.org/C145097563","wikidata":"https://www.wikidata.org/wiki/Q1148747","display_name":"Payment","level":2,"score":0.6269999742507935},{"id":"https://openalex.org/C9233905","wikidata":"https://www.wikidata.org/wiki/Q3276328","display_name":"Bidding","level":2,"score":0.5784000158309937},{"id":"https://openalex.org/C195487862","wikidata":"https://www.wikidata.org/wiki/Q850210","display_name":"Revenue","level":2,"score":0.5356000065803528},{"id":"https://openalex.org/C70437156","wikidata":"https://www.wikidata.org/wiki/Q7228652","display_name":"Pooling","level":2,"score":0.53329998254776},{"id":"https://openalex.org/C181622380","wikidata":"https://www.wikidata.org/wiki/Q26911","display_name":"Profit (economics)","level":2,"score":0.508899986743927},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.4943000078201294},{"id":"https://openalex.org/C11276805","wikidata":"https://www.wikidata.org/wiki/Q771334","display_name":"Auction theory","level":3,"score":0.48429998755455017},{"id":"https://openalex.org/C163239763","wikidata":"https://www.wikidata.org/wiki/Q5153637","display_name":"Common value auction","level":2,"score":0.4803999960422516},{"id":"https://openalex.org/C200594392","wikidata":"https://www.wikidata.org/wiki/Q812529","display_name":"Bayesian game","level":4,"score":0.48030000925064087},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.4578999876976013},{"id":"https://openalex.org/C83426474","wikidata":"https://www.wikidata.org/wiki/Q243758","display_name":"Vickrey auction","level":4,"score":0.44369998574256897},{"id":"https://openalex.org/C112481924","wikidata":"https://www.wikidata.org/wiki/Q1626270","display_name":"English auction","level":3,"score":0.4207000136375427},{"id":"https://openalex.org/C143684077","wikidata":"https://www.wikidata.org/wiki/Q431186","display_name":"Revenue equivalence","level":4,"score":0.414000004529953},{"id":"https://openalex.org/C153517567","wikidata":"https://www.wikidata.org/wiki/Q26090","display_name":"Mechanism design","level":2,"score":0.4032000005245209},{"id":"https://openalex.org/C48278072","wikidata":"https://www.wikidata.org/wiki/Q5532508","display_name":"Generalized second-price auction","level":4,"score":0.39959999918937683},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.35370001196861267},{"id":"https://openalex.org/C147220207","wikidata":"https://www.wikidata.org/wiki/Q773073","display_name":"Vickrey\u2013Clarke\u2013Groves auction","level":4,"score":0.3483999967575073},{"id":"https://openalex.org/C42475967","wikidata":"https://www.wikidata.org/wiki/Q194292","display_name":"Operations research","level":1,"score":0.32089999318122864},{"id":"https://openalex.org/C113336015","wikidata":"https://www.wikidata.org/wiki/Q574010","display_name":"Complete information","level":2,"score":0.3052999973297119},{"id":"https://openalex.org/C77553402","wikidata":"https://www.wikidata.org/wiki/Q13222579","display_name":"Upper and lower bounds","level":2,"score":0.2987000048160553},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.29750001430511475},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.2930999994277954},{"id":"https://openalex.org/C165064840","wikidata":"https://www.wikidata.org/wiki/Q1321061","display_name":"Matching (statistics)","level":2,"score":0.2847000062465668},{"id":"https://openalex.org/C2776829726","wikidata":"https://www.wikidata.org/wiki/Q1759284","display_name":"Deductible","level":2,"score":0.28369998931884766},{"id":"https://openalex.org/C194291561","wikidata":"https://www.wikidata.org/wiki/Q2852717","display_name":"Reverse auction","level":3,"score":0.2624000012874603},{"id":"https://openalex.org/C160947807","wikidata":"https://www.wikidata.org/wiki/Q727746","display_name":"Dutch auction","level":5,"score":0.25209999084472656}],"mesh":[],"locations_count":2,"locations":[{"id":"pmh:oai:arXiv.org:2610.05650","doi":null,"is_oa":true,"landing_page_url":"https://arxiv.org/abs/2610.05650","pdf_url":"https://arxiv.org/pdf/2610.05650","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":"2331-8422","issn":["2331-8422"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},{"id":"doi:10.48550/arxiv.2610.05650","doi":"https://doi.org/10.48550/arxiv.2610.05650","is_oa":true,"landing_page_url":"https://doi.org/10.48550/arxiv.2610.05650","pdf_url":null,"source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":"2331-8422","issn":["2331-8422"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Preprint"}],"best_oa_location":{"id":"pmh:oai:arXiv.org:2610.05650","doi":null,"is_oa":true,"landing_page_url":"https://arxiv.org/abs/2610.05650","pdf_url":"https://arxiv.org/pdf/2610.05650","source":{"id":"https://openalex.org/S4306400194","display_name":"arXiv (Cornell University)","issn_l":"2331-8422","issn":["2331-8422"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I205783295","host_organization_name":"Cornell University","host_organization_lineage":["https://openalex.org/I205783295"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"text"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions","score":0.46149998903274536}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7220713148.pdf","grobid_xml":"https://content.openalex.org/works/W7220713148.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W3126556245","https://openalex.org/W2138043622","https://openalex.org/W4311625963","https://openalex.org/W4296007584","https://openalex.org/W1980340461","https://openalex.org/W2808749078","https://openalex.org/W4231462048","https://openalex.org/W7095353682","https://openalex.org/W6892199661","https://openalex.org/W7135205503"],"abstract_inverted_index":{"When":[0],"auction":[1,164],"bidders":[2],"misperceive":[3],"their":[4],"rivals,":[5],"a":[6,33,53,66,92,111,117,137,151,167,186,236],"seller":[7],"can":[8,63,234],"change":[9],"not":[10],"only":[11],"the":[12,19,45,89,105,155,209,217],"amount":[13],"of":[14,91],"information":[15],"rent":[16,68],"but":[17,129],"also":[18],"states":[20],"in":[21,56,182],"which":[22],"it":[23,70,233],"is":[24,71,98],"delivered.":[25],"We":[26,48,84],"ask":[27],"when":[28,69,96,104],"this":[29,86],"payment-design":[30],"opportunity":[31],"survives":[32],"finite":[34],"bidding":[35],"interface,":[36],"nonnegative-payment":[37],"restrictions,":[38],"and":[39,78,100,133,144,204,220],"comparison":[40],"with":[41,150],"conventional":[42],"auctions":[43],"under":[44,154,216],"same":[46,156,218],"beliefs.":[47,157],"formulate":[49],"payment":[50,94,202],"design":[51],"as":[52],"linear":[54],"program":[55],"nonnegative":[57],"bidder":[58],"rents.":[59],"A":[60,158],"single":[61],"state":[62],"safely":[64],"carry":[65],"report's":[67],"both":[72],"cheapest":[73],"for":[74,116],"its":[75],"intended":[76],"type":[77],"least":[79],"attractive":[80],"to":[81],"potential":[82],"mimics.":[83],"characterize":[85],"alignment,":[87],"bound":[88],"cost":[90],"restricted":[93],"architecture":[95],"alignment":[97],"imperfect,":[99],"use":[101],"shadow":[102],"prices":[103],"rankings":[106],"conflict.":[107],"Own-type":[108],"projection":[109],"yields":[110],"unique":[112],"optimal":[113],"expected-payment":[114],"rule":[115,189],"fixed":[118],"allocation.":[119],"Contiguous":[120],"bid":[121],"bands":[122,181,193],"implement":[123],"truthful":[124,142],"reporting":[125],"at":[126],"every":[127],"value,":[128],"create":[130],"pooling":[131],"losses":[132],"within-band":[134],"surplus.":[135],"Under":[136],"separate":[138],"smooth-belief":[139],"model,":[140],"feasible":[141],"rules":[143,177],"revenue":[145],"upper":[146],"bounds":[147],"support":[148,212],"comparisons":[149],"first-price":[152],"equilibrium":[153],"calibration":[159],"using":[160],"1,000":[161],"eBay":[162],"proof-set":[163],"records":[165],"illustrates":[166],"partition-dependent":[168],"reversal:":[169],"first":[170],"price":[171],"dominates":[172],"all":[173],"exactly":[174],"truthful,":[175],"no-subsidy":[176],"on":[178,190],"ten":[179,191],"equal-probability":[180],"one":[183],"scenario,":[184],"while":[185],"richer":[187],"contingent":[188],"equal-dollar":[192],"outperforms":[194],"it.":[195],"An":[196],"operator":[197],"should":[198],"choose":[199],"interface":[200],"resolution,":[201],"dependence,":[203],"integrity":[205],"tolerances":[206],"jointly.":[207],"Validate":[208],"probabilities":[210],"that":[211],"incentives,":[213],"compare":[214],"formats":[215],"beliefs,":[219],"distinguish":[221],"redesign":[222],"from":[223],"deployment.":[224],"Any":[225],"receipt":[226],"advantage":[227],"must":[228],"cover":[229],"implementation":[230],"costs":[231],"before":[232],"imply":[235],"profit":[237],"advantage.":[238]},"counts_by_year":[],"updated_date":"2026-11-06T12:05:46.655746","created_date":"2026-10-07T00:00:00"}