Optimal auctions for asymmetrically budget constrained bidders

作者:Malakhov Alexey; Vohra Rakesh V
来源:Review of Economic Design, 2008, 12(4): 245-257.
DOI:10.1007/s10058-008-0051-x

摘要

We consider an environment with a single divisible good and two bidders. The valuations of the bidders are private information but one bidder has a commonly known budget constraint. For this environment we derive the revenue maximizing subsidy free dominant strategy incentive compatible auction.