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A Note on Optimal Allocation Mechanisms

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  • Vasiliki Skreta
  • Nicolas Figueroa

Abstract

When the buyer's utility is non-linear in type, revenue-maximizing mechanisms for multiple goods may be random. This happens when the allocation rule obtained via pointwise optimization is not incentive compatible, which is possible even with strictly increasing virtual utilities.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Vasiliki Skreta & Nicolas Figueroa, 2008. "A Note on Optimal Allocation Mechanisms," Working Papers 08-13, New York University, Leonard N. Stern School of Business, Department of Economics.
    • Handle: RePEc:ste:nystbu:08-13
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    File URL: http://w4.stern.nyu.edu/economics/docs/workingpapers/2008/8_13%20bunching_short.pdf
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    References listed on IDEAS

    as
    1. Figueroa, Nicols & Skreta, Vasiliki, 2009. "A note on optimal allocation mechanisms," Economics Letters, Elsevier, vol. 102(3), pages 169-173, March.
    2. Lollivier, Stefan & Rochet, Jean-Charles, 1983. "Bunching and second-order conditions: A note on optimal tax theory," Journal of Economic Theory, Elsevier, vol. 31(2), pages 392-400, December.
    3. Riley, John G & Samuelson, William F, 1981. "Optimal Auctions," American Economic Review, American Economic Association, vol. 71(3), pages 381-392, June.
    4. Thanassoulis, John, 2004. "Haggling over substitutes," Journal of Economic Theory, Elsevier, vol. 117(2), pages 217-245, August.
    5. Maskin, Eric S & Riley, John G, 1984. "Optimal Auctions with Risk Averse Buyers," Econometrica, Econometric Society, vol. 52(6), pages 1473-1518, November.
    6. Roger B. Myerson, 1981. "Optimal Auction Design," Mathematics of Operations Research, INFORMS, vol. 6(1), pages 58-73, February.
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    Cited by:

    1. Vasiliki Skreta, 2011. "On the informed seller problem: optimal information disclosure," Review of Economic Design, Springer;Society for Economic Design, vol. 15(1), pages 1-36, March.
    2. Figueroa, Nicols & Skreta, Vasiliki, 2009. "A note on optimal allocation mechanisms," Economics Letters, Elsevier, vol. 102(3), pages 169-173, March.

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