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How Good Are Simple Mechanisms for Selling Multiple Goods?
Maximizing the revenue from selling two goods (or items) is a notoriously difficult problem, in stark contrast to the single-good case. We show that simple “one-dimensional” mechanisms, such as selling the two goods separately, guarantee at least 73% of the optimal revenue when the valuations of the two goods are independent and identically distributed, and at least 50% when they are independen...
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ژورنال
عنوان ژورنال: National Municipal Review
سال: 1918
ISSN: 0190-3799,1931-0250
DOI: 10.1002/ncr.4110070405