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Byline: Paulo Klinger Monteiro, Frank H. Page, Benar fux Svaiter
Within the context of a single-unit, independent private values
auction model, we show that if bidder types are multidimensional, then
under the optimal auction exclusion of a positive measure of bidder
types occur. The results complements Armstrong's (1996) exclusion
of types result.
Received 23 August 2011; Revised 17 September 2012; Accepted 11
(footnote) [star] Monteiro and Svaiter acknowledge the financial
support of CNPq. Page acknowledges the financial support and hospitality
of CERMSEM, University of Paris I.