| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5058672 | Economics Letters | 2015 | 4 Pages |
Abstract
â¢I study the continuity of the optimal auction revenue as a function of the types distribution.â¢Revenue is lowersemicontinuous for convergence in distribution.â¢Revenue is continuous if the limit distribution is a continuous distribution.
In the independent private values auction model I study the continuity properties of the optimal auction revenue as a function of the valuations or types distribution. I show that the optimal revenue is lowersemicontinuous for convergence in distribution. If the limit distribution is continuous, the optimal auction revenue is continuous in distribution as well.
Related Topics
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Authors
Paulo Klinger Monteiro,