The seller of N distinct objects is uncertain about the buyer's valuation for those objects. The seller's problem, to maximize expected revenue, consists of maximizing a linear functional over a convex set of mechanisms. A solution to the seller's problem can always be found in an extreme point...

The procurement of supplies is often conducted through the buyer analogue of an auction. Sealed bids are submitted and the contract is awarded to the lowest bidder. Although this method may be an optimal way of selling an object, an additional complication arises in the case of purchasing a...

The procurement of supplies is often conducted through the buyer analogue of an auction. Sealed bids are submitted and the contract is awarded to the lowest bidder. Although this method may be an optimal way of selling an object, an additional complication arises in the case of purchasing a...