Nondecreasing function 2026-10-06
A nondecreasing function never decreases when its argument increases. Flat intervals are allowed, unlike for a strictly increasing function. Nondecreasing allocation functions permit critical-value payments in single-parameter mechanisms.
Revenue-optimal public-project auction 2026-10-06
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 .