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- W2069679601 abstract "Within a simple parametric example, I show that if the buyer’s values fail the monotone differences condition, nonmonotone mechanisms are not just feasible but may even be desirable for a seller. The failure of monotone differences is caused by intertemporal consumption externalities in the form of habits. I show that for an interval of habit parameters the revenue maximizing mechanism is nonmonotone: the seller screens out low and high types." @default.
- W2069679601 created "2016-06-24" @default.
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- W2069679601 date "2014-04-24" @default.
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- W2069679601 title "Mechanism design without monotone differences: an example featuring buyer habits" @default.
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- W2069679601 doi "https://doi.org/10.1007/s40505-014-0036-6" @default.
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