A note on the continuity of the optimal auction

Paulo Monteiro

Economics Letters, 2015, vol. 137, issue C, 127-130

Abstract: In the independent private values auction model I study the continuity properties of the optimal auction revenue as a function of the valuations or types distribution. I show that the optimal revenue is lowersemicontinuous for convergence in distribution. If the limit distribution is continuous, the optimal auction revenue is continuous in distribution as well.

Keywords: Optimal auction; Convergence in distribution; Independent private values (search for similar items in EconPapers)
JEL-codes: D44 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:137:y:2015:i:c:p:127-130

DOI: 10.1016/j.econlet.2015.10.030

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