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arXiv · 2412.08342

Approximate Revenue from Finite Range Mechanisms

Mridu Prabal Goswami
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Abstract

We consider an economic environment where a seller wants to sell an indivisible unit of good to a buyer. We show that revenue from any strategy-proof and individually rational mechanism defined on closed intervals of rich single crossing domains considered in \citep{Goswami1}, can be approximated by the revenue from a sequence of strategy-proof and individually rational mechanisms with finite range. Thus while studying optimal mechanisms without loss of generality we can study mechanisms with finite range.

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Mridu Prabal Goswami. 2024-12-11. Approximate Revenue from Finite Range Mechanisms. https://arxiv.org/abs/2412.08342

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