Approximate revenue maximization with multiple items

A-Tier
Journal: Journal of Economic Theory
Year: 2017
Volume: 172
Issue: C
Pages: 313-347

Score contribution per author:

2.011 = (α=2.01 / 2 authors) × 2.0x A-tier

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

Abstract

Maximizing the revenue from selling more than one good (or item) to a single buyer is a notoriously difficult problem, in stark contrast to the one-good case. For two goods, we show that simple “one-dimensional” mechanisms, such as selling the goods separately, guarantee at least73% of the optimal revenue when the valuations of the two goods are independent and identically distributed, and at least 50% when they are independent.

Technical Details

RePEc Handle
repec:eee:jetheo:v:172:y:2017:i:c:p:313-347
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25