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Sergiu Hart:
Two(!) Good To Be True
Abstract:
How to sell goods optimally? While the mechanism design literature has
solved this problem neatly when there is only one good, the multiple goods
case turns out to be extremely difficult, mathematically and conceptually.
Much of what is true for one good does not extend to multiple goods. We
will try to explain the difficulties, show what can go wrong, and then
present some universal approximation results. The talk is essentially
self-contained; no background in mechanism design is necessary.
Papers:
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