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For diþerent purposes, economists may use diþerent topologies on types. We characterize the relationship among these various topologies. First, we show that for any general types, convergence in the uniform-weak topology implies convergence in both the strategic topology and the uniform...
Persistent link: https://www.econbiz.de/10010266254
We study the design of profit maximizing single unit auctions under the assumption that the seller needs to incur costs to contact prospective bidders and inform them about the auction. With independent bidders’ types and possibly interdependent valuations, the seller’s problem can be...
Persistent link: https://www.econbiz.de/10010277294