Approximate Revenue from Finite Range Mechanisms

Mridu Prabal Goswami

Papers from arXiv.org

Abstract: We consider an economic environment where a seller wants to sell an indivisible unit of good to a buyer. We show that revenue from any strategy-proof and individually rational mechanism defined on closed intervals of rich single crossing domains considered in \citep{Goswami1}, can be approximated by the revenue from a sequence of strategy-proof and individually rational mechanisms with finite range. Thus while studying optimal mechanisms without loss of generality we can study mechanisms with finite range.

Date: 2024-12
New Economics Papers: this item is included in nep-des and nep-mic
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