Optimal Auctions with General Distribution
|Keywords:||mechanism design;optimal auctions;ironing;Dirac’s delta functions|
|Abstract:||This note characterizes revenue maximizing auctions in a single unit independent private value environment when buyers’ distributions of valuations can be discrete, continuous, or any mixture of the two possibilities. The procedure described is applicable to many other single or multi- agent mechanism design problems with transferable utility and single-dimensional types.|
|Appears in Collections:||Economics Working Papers|
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