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...

We study a duopoly where the two price setting firms have symmetric information. The firms produce substitute goods with a state dependent common value. The information that is available to both firms about the unknown state of nature is also available to the consumers, who also have access to...