English

Approximate Revenue from Finite Range Mechanisms

Computer Science and Game Theory 2024-12-12 v1 Theoretical Economics

Abstract

We consider an economic environment where a seller wants to sell an indivisible unit of good to a buyer. We show that revenue from any strategy-proof and individually rational mechanism defined on closed intervals of rich single crossing domains considered in \citep{Goswami1}, can be approximated by the revenue from a sequence of strategy-proof and individually rational mechanisms with finite range. Thus while studying optimal mechanisms without loss of generality we can study mechanisms with finite range.

Keywords

Cite

@article{arxiv.2412.08342,
  title  = {Approximate Revenue from Finite Range Mechanisms},
  author = {Mridu Prabal Goswami},
  journal= {arXiv preprint arXiv:2412.08342},
  year   = {2024}
}

Comments

arXiv admin note: text overlap with arXiv:2406.12279

R2 v1 2026-06-28T20:30:53.637Z