Optimal auction with a general distribution: virtual valuation without densities


Autoria(s): Svaiter, Benar Fux; Monteiro, P. K.
Data(s)

25/11/2008

23/09/2010

25/11/2008

23/09/2010

25/11/2008

Resumo

We characterize the optimal auction in an independent private values framework for a completely general distribution of valuations. We do this introducing a new concept: the generalized virtual valuation. To show the wider applicability of this concept we present two examples showing how to extend the classical models of Mussa and Rosen and Baron and Myerson for arbitrary distributions

Identificador

http://hdl.handle.net/10438/2163

Idioma(s)

en_US

Publicador

Fundação Getulio Vargas. Escola de Pós-graduação em Economia

Relação

Ensaios Econômicos;681

Palavras-Chave #Optimal auction #Independent private values #Virtual valuation #Ironing #Economia #Modelos econométricos
Tipo

Working Paper