Optimal auction with a general distribution: Virtual valuation without densities

B-Tier
Journal: Journal of Mathematical Economics
Year: 2010
Volume: 46
Issue: 1
Pages: 21-31

Authors (2)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

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 generalized virtual valuation. To show the wider applicability of this concept we present two examples showing how to extend the classical models of Mussa and Rosen and Baron and Myerson for arbitrary distributions.

Technical Details

RePEc Handle
repec:eee:mateco:v:46:y:2010:i:1:p:21-31
Journal Field
Theory
Author Count
2
Added to Database
2026-01-26