We study the limits of an information intermediary in the classical Bayesian auction, where a revenue-maximizing seller sells one item to n buyers with independent private values. In addition, we have an intermediary who knows the buyers' private values, and can map these to a public signal so as to increase consumer surplus. This model generalizes the single-buyer setting proposed by Bergemann, Brooks, and Morris, who present a signaling scheme that raises the optimal consumer surplus, by guaranteeing that the item is always sold and the seller gets the same revenue as without signaling. Our work aims to understand how this result ports to the setting with multiple buyers.

We study the problem of fair division of a heterogeneous resource among strategic players. Given a divisible heterogeneous cake, we wish to divide the cake among n players in a way that meets the following criteria: (I) every player(weakly) prefers his allocated cake to any other player’s share (such notion is known as envy-freeness), (II) the mechanism is strategy-proof (truthful), and (III) the number of cuts made on the cake is minimal. We provide methods, namely expansion process and expansion process with unlocking, for dividing the cake under different assumptions on the valuation functions of the players.