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Optimal mechanisms with simple menus

Pingzhong Tang and Zihe Wang

Journal of Mathematical Economics, 2017, vol. 69, issue C, 54-70

Abstract: We consider revenue-optimal mechanism design for the case with one buyer and two items, when the buyer’s valuations are independent and additive. We obtain two sets of structural results of the optimal mechanisms, which can be summarized in one conclusion: under certain distributional conditions, the optimal mechanisms have simple menus.

Keywords: Optimal mechanism design; Menu representation (search for similar items in EconPapers)
Date: 2017
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