Revenue Guarantee Equivalence

S-Tier
Journal: American Economic Review
Year: 2019
Volume: 109
Issue: 5
Pages: 1911-29

Score contribution per author:

2.681 = (α=2.01 / 3 authors) × 4.0x S-tier

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

Abstract

We revisit the revenue comparison of standard auction formats, including first-price, second-price, and English auctions. We rank auctions according to their revenue guarantees, i.e., the greatest lower bound of revenue across all informational environments, where we hold fixed the distribution of bidders' values. We conclude that if we restrict attention to the symmetric affiliated models of Milgrom and Weber (1982) and monotonic pure-strategy equilibria, first-price, second-price, and English auctions

Technical Details

RePEc Handle
repec:aea:aecrev:v:109:y:2019:i:5:p:1911-29
Journal Field
General
Author Count
3
Added to Database
2026-01-24