Files

Action Filename Size Access Description License
Show more files...

Abstract

This paper finds an optimal mechanism for selling an indivisible good to consumers who may be budget-constrained. Unlike the standard case, where buyers are not budget-constrained, a single posted price is not optimal. An optimal mechanism generally consists of a continuum of lotteries indexed by the probability of consumption and the entry fee.

Details

Downloads Statistics

from
to
Download Full History