Optimal auction with a general distribution: virtual valuation without densities
| dc.contributor.affiliation | FGV | |
| dc.contributor.author | Svaiter, Benar Fux | |
| dc.contributor.author | Monteiro, P. K. | |
| dc.contributor.unidadefgv | Escolas::EPGE | por |
| dc.date.accessioned | 2008-11-25T18:49:06Z | |
| dc.date.accessioned | 2010-09-23T18:58:24Z | |
| dc.date.available | 2008-11-25T18:49:06Z | |
| dc.date.available | 2010-09-23T18:58:24Z | |
| dc.date.issued | 2008-11-25 | |
| dc.description.abstract | 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 extend the classical models of Mussa and Rosen and Baron and Myerson for arbitrary distributions | eng |
| dc.identifier.uri | https://hdl.handle.net/10438/2163 | |
| dc.language.iso | eng | |
| dc.publisher | Fundação Getulio Vargas. Escola de Pós-graduação em Economia | por |
| dc.relation.ispartofseries | Ensaios Econômicos;681 | por |
| dc.subject | Optimal auction | eng |
| dc.subject | Virtual valuation | eng |
| dc.subject | Ironing | eng |
| dc.subject | Independent private values | por |
| dc.subject.area | Economia | por |
| dc.subject.bibliodata | Economia | por |
| dc.subject.bibliodata | Modelos econométricos | por |
| dc.title | Optimal auction with a general distribution: virtual valuation without densities | eng |
| dc.type | Working Paper | eng |