Showing 1 - 10 of 139
This paper develops a methodology for characterizing expected revenue from auctions when bidders' types come from an arbitrary distribution. In particular, types may be multidimensional, and there may be mass points in the distribution. One application extends existing revenue equivalence...
Persistent link: https://www.econbiz.de/10011704454
Persistent link: https://www.econbiz.de/10003600255
Persistent link: https://www.econbiz.de/10003246006
Persistent link: https://www.econbiz.de/10003252550
Persistent link: https://www.econbiz.de/10011640996
Persistent link: https://www.econbiz.de/10012216911
Persistent link: https://www.econbiz.de/10012217305
We study Pareto efficient mechanisms in matching markets when the number of agents is large and individual preferences are randomly drawn from a class of distributions, allowing for both common and idiosyncratic shocks. We provide a broad set of circumstances under which, as the market grows...
Persistent link: https://www.econbiz.de/10011855867
Persistent link: https://www.econbiz.de/10011312295
Persistent link: https://www.econbiz.de/10011312296