Albano, Gian-Luigi
Germano, Fabrizio
Lovo, Stefano
In an example with two objects and four bidders, some of which have superadditive values, we characterize the equilibria of a simultaneous ascending auction and compare the revenue and efficiency generated with ones generated by the sequential, the one-shot simultaneous, and the Vickrey-Clarke-Groves auctions.
Bibliographic reference |
Albano, Gian-Luigi ; Germano, Fabrizio ; Lovo, Stefano. A comparison of standard multi-unit auctions with synergies. CORE Discussion Papers ; 1999/52 (1999) |
Permanent URL |
http://hdl.handle.net/2078.1/4064 |