Browsing FGV EPGE - Escola Brasileira de Economia e Finanças by Title "Optimal auction with a general distribution: virtual valuation without densities"

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Optimal auction with a general distribution: virtual valuation without densities

Svaiter, Benar Fux; Monteiro, P. K.
2008-11-25

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 ...