On Revenue Optimal Combinatorial Auctions - IFP Group at the ...

Extending the Model to Single-Minded Buyers
The type of a buyer n = (bundle, value).
Bundles of a buyer n - a realization of a random set B n .
Value of a buyer n - a realization of a discrete random variable X n .
Two-dimensional private information:
The exact realization of (B n , X n ) is known only to buyer n.
Beliefs:
(B n , X n )’s are independent across the buyers.
The joint probability distribution of (B n , X n ) is common knowledge.