English, Article, Journal or magazine article edition: Optimal auction with a general distribution: virtual valuation without densities Svaiter, Benar Fux; Monteiro, Paulo Klinger

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Bookmark: http://trove.nla.gov.au/version/80956
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Optimal auction with a general distribution: virtual valuation without densities
Author
  • Svaiter, Benar Fux
  • Monteiro, Paulo Klinger
Physical Description
  • preprint
Notes
  • We characterize the optimal auction in an independent private values framework for a completely general distribution of valuations. We do this introducing a new concept: the generalizedvirtual valuation. To show the wider applicability of this concept we present twoexamples showing how to extend the classical models of Mussa and Rosen and Baron andMyerson for arbitrary distributions.
  • RePEc:fgv:epgewp:681
Language
  • English
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