gt_mechanism_optimal_auction_design
Compute revenue-optimal or welfare-maximizing auction mechanisms for asymmetric independent private values, with per-bidder reserve prices based on Myerson's theory.
Instructions
Myerson revenue-optimal mechanism for asymmetric IPV. Per-bidder reserves; collapses to second-price-with-reserve under symmetric IPV.
Input Schema
| Name | Required | Description | Default |
|---|---|---|---|
| bidder_priors | Yes | ||
| seller_valuation | Yes | ||
| objective | No | revenue | |
| n_simulations | No | ||
| seed | No |