Optimal auction with a general distribution: virtual valuation without densities

dc.contributor.author	Svaiter, Benar Fux
dc.contributor.author	Monteiro, P. K.
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.identifier.uri	http://hdl.handle.net/10438/2163
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.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.title	Optimal auction with a general distribution: virtual valuation without densities	eng
dc.type	Working Paper	eng
dc.subject.area	Economia	por
dc.contributor.unidadefgv	Escolas::EPGE	por
dc.subject.bibliodata	Economia	por
dc.subject.bibliodata	Modelos econométricos	por
dc.contributor.affiliation	FGV