We consider an environment where potential buyers of an indivisible good have liquidity constraints, in that they cannot pay more than their `budget’ regardless of their valuation. A buyer’s valuation for the good as well…
SecondLight is a rear projection, optical touch-sensing technology that augments the typical interactions afforded by multi-touch and tangible tabletops with the ability to project and sense both through and beyond the display.
We consider a seller who wishes to sell K goods by time T. Potential buyers enter IID over time and are patient. At any point in time, profit is maximized by awarding the good to…