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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Persistent link: https://EconPapers.repec.org/RePEc:fgv:epgewp:386
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