Asymmetric reduced form Auctions
AbstractThis paper provides a tractable characterization of feasibility of asymmetric reduced form auctions. Using this, auction design problems can be stated in terms of the reduced form only. This allows to solve optimal auction problems when classical solution techniques fail.
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Bibliographic InfoArticle provided by Elsevier in its journal Economics Letters.
Volume (Year): 110 (2011)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/locate/ecolet
Asymmetric auction Reduced form Feasibility;
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- J. Riley & E. Maskin, 1981.
"Optimal Auctions with Risk Averse Buyers,"
311, Massachusetts Institute of Technology (MIT), Department of Economics.
- Border, Kim C, 1991. "Implementation of Reduced Form Auctions: A Geometric Approach," Econometrica, Econometric Society, vol. 59(4), pages 1175-87, July.
- Matthews, Steven A, 1984.
"On the Implementability of Reduced Form Auctions,"
Econometric Society, vol. 52(6), pages 1519-22, November.
- Kim Border, 2007. "Reduced Form Auctions Revisited," Economic Theory, Springer, vol. 31(1), pages 167-181, April.
- Rahul Deb & Mallesh Pai, 2013. "Symmetric Auctions," Working Papers tecipa-486, University of Toronto, Department of Economics.
- Pai, Mallesh M. & Vohra, Rakesh, 2014. "Optimal auctions with financially constrained buyers," Journal of Economic Theory, Elsevier, vol. 150(C), pages 383-425.
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