Construct · 1 fields · 1 citations

affiliated values: a standalone construct

One name. One construct. A landmark on the map.

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Mechanism design

statistical property of bidders' signals in which a higher value of one makes higher values of the others more likely, shaping how auction formats rank in revenue.

In mechanism design, affiliated values refers to statistical property of bidders' signals in which a higher value of one makes higher values of the others more likely, shaping how auction formats rank in revenue. This meaning comes from Milgrom (1982) in Econometrica.[1]

Unit
Recovery means
Measured by

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Nearby constructs

mechanism4 fields · 4 citationsjingle · one word, four constructs property4 fields · 4 citationsjingle · one word, four constructs rank4 fields · 8 citationsjingle · one word, four constructs

References

Milgrom, P. R., & Weber, R. J. (1982). A Theory of Auctions and Competitive Bidding. Econometrica, 50(5), 1089. https://doi.org/10.2307/1911865

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