CitationID="CR22">1981</CitationRef>) regularity condition. For example, the second-price auction with reserve price is revenue … regularity is developed—similar to that of a monotone hazard rate—in terms of being the next to fail. Second, using expanded …

Some of the most beautiful results in mechanism design depend crucially on Myerson?s (1981) regularity condition. E … offers two main results. First, an interpretation of regularity is developed in terms of being the next to fail. Second …