Download full text
(external source)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://hdl.handle.net/10419/125559
Exports for your reference manager
The quantitative view of Myerson regularity
[working paper]
Corporate Editor
Wissenschaftszentrum Berlin für Sozialforschung gGmbH
Abstract In mechanism design, Myerson regularity is often too weak for a quantitative analysis of performance. For instance, ratios between revenue and welfare, or sales probabilities may vanish at the boundary of Myerson regularity. This paper therefore explores the quantitative version of Myerson regularit... view more
In mechanism design, Myerson regularity is often too weak for a quantitative analysis of performance. For instance, ratios between revenue and welfare, or sales probabilities may vanish at the boundary of Myerson regularity. This paper therefore explores the quantitative version of Myerson regularity, which we call λ-regularity. It measures how Myerson regular a distribution is. In doing so, we unify separate literatures in economics, computer science, applied mathematics and statistics. The concept has appeared before, e.g., under the names of ρ-concavity and α-strong-regularity. We provide many new results for quantitative auction and mechanism design. (author's abstract)... view less
Keywords
market mechanism; design; analysis; achievement; quantity; distribution; auction
Classification
Basic Research, General Concepts and History of Economics
Free Keywords
Regelmäßigkeit; Lambda-Regelmäßigkeit; Myerson Regelmäßigkeit; monotone Hazardrate
Document language
English
Publication Year
2015
City
Berlin
Page/Pages
35 p.
Series
Discussion Papers / Wissenschaftszentrum Berlin für Sozialforschung, Forschungsschwerpunkt Markt und Entscheidung, Abteilung Ökonomik des Wandels, SP II 2015-307
Handle
https://hdl.handle.net/10419/125559
Status
Published Version; reviewed
Licence
Deposit Licence - No Redistribution, No Modifications