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This paper studies revenue-maximizing allocation mechanisms for multiple goods where the buyer's utility can depend non-linearly in his type. We point out that despite strictly increasing virtual utilities, the allocation rule obtained via pointwise optimization may fail to be increasing and...
Persistent link: https://www.econbiz.de/10012724593
This paper studies revenue-maximizing allocation mechanisms for multiple goods where the buyeriacute;s utility can depend non-linearly in his type. We point out that despite strictly increasing virtual utilities, the allocation rule obtained via pointwise optimization may fail to be increasing...
Persistent link: https://www.econbiz.de/10012769868