Implementing optimal outcomes through sequential auctions.
We study sequential auctions as optimal mechanisms for selling multiple heterogeneous items to unit‐demand buyers. We find that as long as the items can be ordered in decreasing variation of the buyers' values, any combination of static standard auctions in this sequence achieves full efficiency and...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 53; no. 4; pp. 703 - 733 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
Dec2022
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| Materias: | |
| Acceso en línea: | Ver este registro en EBSCOhost |