A Comparison of Standard Multi-Unit Auctions with Synergies
نویسندگان
چکیده
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. ∗Germano acknowledges financial support from European Commission Grant ERBFMBICT972857 and Lovo from Fonds National de la Recherche Scientifique.
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