Revenue-optimal public-project auction
ID: revenue-optimal-public-project-auction
In a public-project single-parameter mechanism, all players receive the same binary allocation. For independent regular priors and voluntary participation with zero outside utility, maximizing virtual surplus means providing the project exactly when . The allocation is monotone in each value, so critical-value payments implement it with dominant-strategy incentive compatibility and ex post individual rationality. For independent uniform values on , the condition is , with winning payment .
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