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The quantitative view of Myerson regularity

[working paper]

Schweizer, Nikolaus
Szech, Nora

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


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© 2007 - 2025 Social Science Open Access Repository (SSOAR).
Based on DSpace, Copyright (c) 2002-2022, DuraSpace. All rights reserved.