Arbeitspapier
The quantitative view of Myerson regularity
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.
- Sprache
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Englisch
- Erschienen in
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Series: WZB Discussion Paper ; No. SP II 2015-307
- Klassifikation
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Wirtschaft
Auctions
Market Design
Asymmetric and Private Information; Mechanism Design
- Thema
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lambda-regularity
Myerson regularity
monotone hazard rate
auctions
mechanism design
approximation
- Ereignis
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Geistige Schöpfung
- (wer)
-
Schweizer, Nikolaus
Szech, Nora
- Ereignis
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Veröffentlichung
- (wer)
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Wissenschaftszentrum Berlin für Sozialforschung (WZB)
- (wo)
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Berlin
- (wann)
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2015
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Schweizer, Nikolaus
- Szech, Nora
- Wissenschaftszentrum Berlin für Sozialforschung (WZB)
Entstanden
- 2015