Optimal Auction Design

Mathematics of Operations Research - Tập 6 Số 1 - Trang 58-73 - 1981
Roger B. Myerson1
1Graduate School of Management, Northwestern University, 2001 Sheridan Road, Evanston, Illinois 60201#TAB#

Tóm tắt

This paper considers the problem faced by a seller who has a single object to sell to one of several possible buyers, when the seller has imperfect information about how much the buyers might be willing to pay for the object. The seller's problem is to design an auction game which has a Nash equilibrium giving him the highest possible expected utility. Optimal auctions are derived in this paper for a wide class of auction design problems.

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