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Full surplus extraction with dominant strategies

Paulo Monteiro

No 386, FGV EPGE Economics Working Papers (Ensaios Economicos da EPGE) from EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil)

Abstract: In this note I consider the fuI! surplus extraction in an auction with private but possibly correlated values. I show that fuI! extraction in the continuum of types case is not possible in general. Neither is approximate fuI! surplus extraction if the sel!er is budget constrained.

Date: 2000-06-01
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