The Better Half of Selling Separately

Authors: 
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).

Date: 
December, 2017
Number: 
712