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