Journal of Political Economy
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Опубликовано на портале: 24-01-2007
Jeremy I. Bulow, Donald John Roberts
Journal of Political Economy.
1989.
Vol. 97.
No. 5.
P. 1060-1090.
The authors show that the seller's problem in devising an optimal auction is virtually
identical to the monopolist's problem in third-degree price discrimination. More
generally, many of the important results and elegant techniques developed in the
field of mechanism design can be reinterpreted in the language of standard microeconomic
theory. They illustrate this by considering the problem of bilateral exchange with
privately-known values.

