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We characterize the optimal auction in an independent private values framework for a completely general distribution of valuations. We do this introducing a new concept: the generalized virtual valuation. To show the wider applicability of this concept we present two examples showing how to...
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Eu demonstro que preferências convexas com curvas de indiferença afins não tem representação côncava se existirem duas curvas de indiferença não-paralelas
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