A Property of Solutions to Linear Monopoly Problems
A Property of Solutions to Linear Monopoly Problems
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线性垄断问题解的一个性质
DOI:
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发表时间:
2011
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通讯作者:
Gregory Pavlov
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作者:
Gregory Pavlov
We extend the “no-haggling” result of Riley and Zeckhauser (1983) to the class of linear multiproduct monopoly problems when the buyer’s valuations are smoothly distributed. In particular, we show that there is no loss for the seller in optimizing over mechanisms such that all allocations belong to the boundary of the feasible set. The set of potentially optimal mechanisms can be further restricted when the costs are sufficiently low: the optimal mechanisms use only allocations from the “north-east” boundary of the feasible set and the null allocation.