Search Results - subject:"OPTIMAL AUCTION"

Pape, Andreas; Bose, Subir; Ozdenoren, Emre - Econometric Society - 2004

A crucial assumption in the optimal auction literature has been that each bidder's valuation is known to be drawn from … a single unique distribution. In this paper we relax this assumption and study the optimal auction problem when there is … the Îµ- contamination of the seller's prior the unique optimal auction provides full insurance to bidders of all types. We …

Persistent link: https://www.econbiz.de/10005063702

Optimal Allocation Mechanisms When Bidders Ranking for the objects is common

Feng, Juan - Econometric Society - 2004

Search engines commonly use â€œsponsored linksâ€, where certain advertisersâ€™ links are promoted to be placed above others in return for monetary payment. It is natural to assume that all providers value a higher ranked placement more than lower ranked ones. Then how should the...

Persistent link: https://www.econbiz.de/10005702600

Convergence of Nonlinear Pricing Mechanisms to Optimal Auction Mechanisms with Applications to Optimal Auctions for Heterogeneous Objects

Kazumori, Eiichiro - Econometric Society - 2004

In this paper I first present a new convergence result which will derive an optimal auction mechanism as a limit of … standard nonlinear pricing mechanisms. For example, an optimal auction mechanism of Myerson (1981) will be explicitly derived … characterize an optimal auction mechanism for heterogeneous objects from multiproduct nonlinear pricing mechanisms of Rochet and …

Persistent link: https://www.econbiz.de/10005130198

Monopoly with Resale

Calzolari, Giacomo; Pavan, Alessandro - 2003

This paper studies revenue-maximizing mechanisms for a monopolist who expects her buyers to resell in a secondary market. We consider two modes of resale: the first is to a third party who does not participate in the primary market; the second is inter-bidders resale, where the winner in the...

Persistent link: https://www.econbiz.de/10011325055

Monopoly with Resale

Calzolari, Giacomo; Pavan, Alessandro - Fondazione ENI Enrico Mattei (FEEM) - 2003

Persistent link: https://www.econbiz.de/10005385437

Monopoly with resale

Calzolari, Giacomo; Pavan, Alessandro - 2003

Persistent link: https://www.econbiz.de/10011591039

OPTIMAL MULTI-ATTRIBUTE AUCTIONS FOR DIVISIBLE GOODS

RAO, CONGJUN; ZHAO, YONG; CHEN, YANG - In: International Journal of Information Technology & … 10 (2011) 05, pp. 891-911

In this paper, the problem of multi-attribute procurement auction of divisible goods is investigated, and an optimal mechanism of multi-attribute auction, which enables negotiation on several attributes in addition to the price of a divisible good, is designed. First, several important...

Persistent link: https://www.econbiz.de/10009291904

(SUB-)OPTIMAL ENTRY FEES

Veciana, Ángel Hernando - Instituto Valenciano de Investigaciones Económicas (IVIE) - 2002

Equivalence Theorem still holds and the optimal allocation rule remains the same. Hence, the optimal auction can be implemented …

Persistent link: https://www.econbiz.de/10005212579

MECHANISM DESIGN FOR OPTIMAL AUCTION OF DIVISIBLE GOODS

RAO, CONGJUN; ZHAO, YONG - In: International Journal of Information Technology & … 09 (2010) 05, pp. 831-845

In this paper, the auction of divisible goods is investigated and a mechanism design method for optimal auction of … several important assumptions of divisible goods auction. Second, an optimal auction mechanism of divisible goods is designed …

Persistent link: https://www.econbiz.de/10009415352

Price versus Quantity Discrimination in Optimal IPOs

Bennouri, Moez; Falconieri, Sonia - 2001

This paper addresses the issue of the choice of the optimalinstrument to sell new shares, this choice being price versusquantity discrimination (rationing). Previous results in theliterature (Benveniste and Wilhelm, 1990) show that the issuing firmwould be better off if allowed to use both price...

Persistent link: https://www.econbiz.de/10010325003