| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5061020 | Economics Letters | 2011 | 4 Pages |
Abstract
This paper provides a tractable characterization of feasibility of asymmetric reduced form auctions. Using this, auction design problems can be stated in terms of the reduced form only. This allows to solve optimal auction problems when classical solution techniques fail.
Research Highlights⺠Tractable characterization of asymmetric reduced form auctions. ⺠Allows to solve auction problems where classical approach fails. ⺠Generalizes Border's (Ecta, 1991) characterization for the symmetric case.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Konrad Mierendorff,