Efficiency in auctions with crossholdings

We study the impact of crossholdings on the efficiency of the standard auction formats. The ascending auction is not equivalent to the second-price auction. In a class of examples, the ascending auction is the only efficient standard auction format.

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Year of publication:	2003
Authors:	Ettinger, David
Institutions:	HAL
Subject:	Auctions \| Efficiency \| Crossholdings

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Extent:	application/pdf
Series:	Post-Print.
Type of publication:	Book / Working Paper
Notes:	View the original document on HAL open archive server: http://hal.archives-ouvertes.fr/hal-00702434 Published, Applied Economics Letters, 2003, 80, 1, 1-7
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010898518