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The Better Half of Selling Separately

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  • Sergiu Hart
  • Philip J. Reny

Abstract

Separate selling of two independent goods is shown to yield at least 62% of the optimal revenue, and at least 73% when the goods satisfy the Myerson regularity condition. This improves the 50% result of Hart and Nisan (2017, originally circulated in 2012).

Suggested Citation

  • Sergiu Hart & Philip J. Reny, 2017. "The Better Half of Selling Separately," Discussion Paper Series dp712, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    • Handle: RePEc:huj:dispap:dp712
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    File URL: http://www.ma.huji.ac.il/hart/abs/srev.html
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    References listed on IDEAS

    as
    1. Hart, Sergiu & Nisan, Noam, 2017. "Approximate revenue maximization with multiple items," Journal of Economic Theory, Elsevier, vol. 172(C), pages 313-347.
    2. , & , J., 2015. "Maximal revenue with multiple goods: nonmonotonicity and other observations," Theoretical Economics, Econometric Society, vol. 10(3), September.
    3. Sergiu Hart & Noam Nisan, 2013. "The Menu-Size Complexity of Auctions," Discussion Paper Series dp637, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    4. Roger B. Myerson, 1981. "Optimal Auction Design," Mathematics of Operations Research, INFORMS, vol. 6(1), pages 58-73, February.
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    Cited by:

    1. Tomer Siedner, 2019. "Optimal pricing by a risk-averse seller," Discussion Paper Series dp725, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    2. Sergiu Hart & Noam Nisan, 2013. "Selling Multiple Correlated Goods: Revenue Maximization and Menu-Size Complexity (old title: "The Menu-Size Complexity of Auctions")," Papers 1304.6116, arXiv.org, revised Nov 2018.
    3. Maya Bar-Hillel & Cass R. Sunstein, 2019. "Baffling bathrooms: On navigability and choice architecture," Discussion Paper Series dp726, The Federmann Center for the Study of Rationality, the Hebrew University, Jerusalem.
    4. Hart, Sergiu & Nisan, Noam, 2019. "Selling multiple correlated goods: Revenue maximization and menu-size complexity," Journal of Economic Theory, Elsevier, vol. 183(C), pages 991-1029.

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