Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/31232 
Year of Publication: 
2005
Series/Report no.: 
Discussion Paper No. 1419
Publisher: 
Northwestern University, Kellogg School of Management, Center for Mathematical Studies in Economics and Management Science, Evanston, IL
Abstract: 
We consider an environment with a single divisible good and two bidders. The valuations of the bidders are private information but one bidder has a commonly known budget constraint. For this environment we derive the revenue maximizing subsidy free incentive compatible auction. We also examine the case when the budget constraint is private information but bidders must post a bond.
Document Type: 
Working Paper

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