Schweizer, Nikolaus; Szech, Nora - 2015 - December 2015
In mechanism design, Myerson regularity is often too weak for a quantitative analysis of performance. For instance …, ratios between revenue and welfare, or sales probabilities may vanish at the boundary of Myerson regularity. This paper … therefore explores the quantitative version of Myerson regularity, which we call lambda-regularity. It measures how Myerson …