We study Dominant-Strategy Incentive-Compatible (DSIC) revenue-maximizing auctions (“optimal” auctions) for a single-item and correlated private values. We give tight bounds on the ratio of the revenue of the optimal Ex-Post Individually Rational (EPIR) auction and the revenue of the optimal...

Mechanism design is a subfield of game theory that aims to design games whose equilibria have desired properties such as achieving high efficiency or high revenue. Algorithmic mechanism design is a subfield that lies on the border of mechanism design and computer science and deals with mechanism...