We study the role of randomization in seller optimal (i.e., profit maximization) auctions. Bayesian optimal auctions (e … randomization fundamental to profit maximization in auctions? Our main result is a general approach to derandomize single-item multi …

sources) is proposed. The method is based on the well known Bayesian model of uncertainty randomization. Additional non …

This paper deals with randomization methods for valuing American options written on dividend-paying assets, which are … based on the idea of treating the maturity date as a random variable. In the randomization method introduced by Carr in 1998 … alternative randomization method in the context of valuing American options; and (iii) to evaluate the performance of the Gaver …