Sher, Itai; Vohra, Rakesh - Center for Mathematical Studies in Economics and … - 2011
We study a seller's optimal mechanism for maximizing revenue when the buyer may present evidence relevant to the buyer … seller, the buyer presents evidence to support his previous assertions, and then the seller makes a take-it-or-leave-it offer … incentives for the seller to behave as required. We thereby provide a natural procedure whereby the seller can optimally price …