EconPapers    
Economics at your fingertips  
 

Maximal Revenue with Multiple Goods: Nonmonotonicity and Other Observations

Sergiu Hart () and Philip Reny ()

Discussion Paper Series from The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem

Abstract: Consider the problem of maximizing the revenue from selling a number of goods to a single buyer. We show that, unlike the case of one good, when the buyer's values for the goods increase the seller's maximal revenue may well decrease. We also provide a characterization of revenue-maximizing mechanisms (more generally, of "seller-favorable" mechanisms) that circumvents nondifferentiability issues. Finally, through simple and transparent examples, we clarify the need for and the use of randomization when maximizing revenue in the multiple-goods versus the one-good case.

New Economics Papers: this item is included in nep-mic
Date: 2012-11
References: Add references at CitEc
Citations: View citations in EconPapers (4) Track citations by RSS feed

Downloads: (external link)
http://www.ma.huji.ac.il/hart/abs/monot-m.html (text/html)

Related works:
Journal Article: Maximal revenue with multiple goods: nonmonotonicity and other observations (2015) Downloads
Working Paper: Maximal Revenue with Multiple Goods: Nonmonotonicity and Other Observations (2012) Downloads
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:huj:dispap:dp630

Access Statistics for this paper

More papers in Discussion Paper Series from The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem Contact information at EDIRC.
Bibliographic data for series maintained by Michael Simkin ().

 
Page updated 2019-04-20
Handle: RePEc:huj:dispap:dp630