A Comparison of Standard Multi-Unit Auctions with Synergies - HEC Paris - École des hautes études commerciales de Paris Access content directly
Reports Year : 1999

A Comparison of Standard Multi-Unit Auctions with Synergies

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)

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  • HAL Id : hal-00599418 , version 1

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

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