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A Comparison of Standard Multi-Unit Auctions with Synergies

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Abstract

In an example where some bidders 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.
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Dates and versions

hal-00599418 , version 1 (09-06-2011)

Identifiers

  • HAL Id : hal-00599418 , version 1

Cite

Stefano Lovo, Gian Luigi Albano, Fabrizio Germano. A Comparison of Standard Multi-Unit Auctions with Synergies. 1999. ⟨hal-00599418⟩

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