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Extending Mechanisms

Author

Listed:
  • Sergiu Hart
  • Noam Nisan

Abstract

Given an incentive-compatible mechanism for a single agent on a restricted domain of valuations, we consider its incentive-compatible extensions to the entire valuation space. We identify two extreme extensions: the "keep-the-menu" extension, which minimizes buyer payoffs and maximizes canonical prices pointwise, and the "keep-the-pricing" extension, which maximizes buyer payoffs and minimizes canonical prices pointwise.

Suggested Citation

  • Sergiu Hart & Noam Nisan, 2026. "Extending Mechanisms," Papers 2610.27839, arXiv.org.
  • Handle: RePEc:arx:papers:2610.27839
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    File URL: https://arxiv.org/pdf/2610.27839
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