English, Article, Journal or magazine article edition: Optimal design and p-concavity Christian Ewerhart

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Bookmark: http://trove.nla.gov.au/version/161984
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Optimal design and p-concavity
Author
  • Christian Ewerhart
Physical Description
  • preprint
Notes
  • Tools from advanced real analysis and the Prékopa-Borell Theorem are combined to derive a tight sufficient condition for regularity (R. Myerson, Optimal auction design, Mathematics of Operations Research 6, 1981, pp. 58-73). The conventional log-concavity condition arises as a special case. The approach allows various generalizations, for instance to multidimensional types. Regularity is verified explicitly for numerous new families of parameterized distributions. Economic applications are outlined, in particular to the robustness of the modified Vickrey auction.
  • Virtual valuation, Myerson regularity, Generalized concavity, Prékopa-Borell Theorem, Mechanism design
  • RePEc:zur:iewwpx:409
Language
  • English
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