Optimal auction with a general distribution: virtual valuation without densities
AUTOR(ES)
Svaiter, Benar Fux
DATA DE PUBLICAÇÃO
25/11/2008
RESUMO
We characterize the optimal auction in an independent private values framework for a completely general distribution of valuations. We do this introducing a new concept: the generalized virtual valuation. To show the wider applicability of this concept we present two examples showing how to extend the classical models of Mussa and Rosen and Baron and Myerson for arbitrary distributions.
ASSUNTO(S)
general distribution optimal auction
ACESSO AO ARTIGO
http://hdl.handle.net/10438/2163Documentos Relacionados
- First-Price Auction Symmetric Equilibria with a General Distribution
- First-Price auction symmetric equlibria with a general distribution
- Optimal all-pay auction when signals are correlated
- Binomial-exponential 2 Distribution: Different Estimation Methods with Weather Applications
- The Structural Approach to Physician Distribution: A Critical Evaluation