Optimal Parametric Auctions
We study the problem of profit maximization in auctions of one good where the buyers' valuations are drawn from independent distributions. When these distributions are known to the seller, Myerson's optimal auction is a well-known mechanism for maximizing revenue. In many cases, however, t...
| Main Authors: | , |
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| Published: |
2012
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| Online Access: | http://hdl.handle.net/1721.1/70556 |
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