Definition Myerson Payment Formula
definition formalized

Myerson Payment Formula

For single-parameter mechanisms over real values, the Myerson module defines the canonical payment formula associated to an allocation rule and records the zero-normalized payment condition.

References

  • [AGT, Chapter 9, Section 9.5.4, Thm. 9.36] Nisan, Roughgarden, Tardos, and Vazirani, Algorithmic Game Theory. Payment formulae for monotone single-parameter allocation rules.
  • [Myerson 1981, Section 2] Myerson, R. B. "Optimal auction design." Mathematics of Operations Research 6(1):58-73. Canonical single-parameter payment identities in auction-design notation.

Provenance

  • Migrated from EconCSLib pull request 27, old blueprint label def:md_myerson_payment_interface in blueprint/src/content.tex.

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