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Multidimensional types 1 Optimal auctions 1 Types exclusion 1
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Monteiro, Paulo Klinger 1 Page, Frank H. 1 Svaiter, Benar fux 1
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Journal of Mathematical Economics 1
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Optimal auctions with multidimensional types and the desirability of exclusion
Monteiro, Paulo Klinger; Page, Frank H.; Svaiter, Benar fux - In: Journal of Mathematical Economics 49 (2013) 1, pp. 106-110
Within the context of a single-unit, independent private values auction model, we show that if bidder types are multidimensional, then under the optimal auction exclusion of a positive measure of bidder types occur. The results complements Armstrong’s (1996) exclusion of types result.
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