The English auction is optimal among simple sequential auctions

成果类型:
Article
署名作者:
Lopomo, G
署名单位:
University of Michigan System; University of Michigan; New York University
刊物名称:
JOURNAL OF ECONOMIC THEORY
ISSN/ISSBN:
0022-0531
DOI:
10.1006/jeth.1998.2425
发表日期:
1998
页码:
144-166
关键词:
摘要:
With private and affiliated buyer's values, the English auction maximizes the seller's expected profit within a large family of sequential bidding mechanisms, named Simple Sequential Auctions. (C) 1998 Academic Press.