Auction design with a risk averse seller

Péter Esö, Gábor Futó
1999 Economics Letters  
We consider auctions with a risk averse seller in independent private values environments with risk neutral buyers. We show that for every incentive compatible selling mechanism there exists a mechanism which provides deterministically the same expected revenue.
doi:10.1016/s0165-1765(99)00115-9 fatcat:tj6trobzurdunajmb6anqrkwv4