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A quantitative version of Myerson regularity

Listed author(s):
  • Schweizer, Nikolaus
  • Szech, Nora
Registered author(s):

    In auction and mechanism design, Myerson's classical regularity condition is often too weak for a quantitative analysis of performance. For instance, ratios between revenue and welfare, or sales probabilities may vanish at the boundary of Myerson regularity. This paper introduces L-regularity as a quantitative measure of how regular a distribution is. L-regularity includes Myerson regularity and the monotone hazard rate condition as special cases. We show that L-regularity implies sharp bounds on various key quantities in auction theory, thus extending several recent findings from quantitative auction and mechanism design.

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    File URL: https://www.econstor.eu/bitstream/10419/125075/1/843970278.pdf
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    Paper provided by Karlsruhe Institute of Technology (KIT), Department of Economics and Business Engineering in its series Working Paper Series in Economics with number 76.

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    Date of creation: 2015
    Handle: RePEc:zbw:kitwps:76
    Contact details of provider: Web page: http://www.wiwi.kit.edu/

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