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One of the most fundamental problems in mechanism design is that of designing the auction that gives the optimal profit to the auctioneer. For the case that the probability distributions on the valuations of the bidders are known and independent, Myerson [15] reduces the problem to that of maximizing the common welfare by considering the virtual valuations in place of the bidders’ actual valuations...
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.