Gretschko, Vitali; Knapek, Stephan; Wambach, Achim - 2021
bidding becomes simple. More precisely, bidders may bid on the profit-maximizing package (truthful bidding) during the clock … phase and submit bids that are equal to their valuations on only a handful of relevant packages (truncated bidding) in the … concerns of the bidders lead to severe complexities in determining the right bidding behavior. We provide simple examples that …