Hendricks, Kenneth; Wiseman, Thomas - In: Theoretical economics : TE ; an open access journal in … 17 (2022) 4, pp. 1451-1471
We characterize an optimal mechanism for a seller with one unit of a good facing N ≥ 3 buyers and a single competitor who sells another identical unit in a second-price auction. Buyers who do not get the seller's good compete in the competitor's subsequent auction. The mechanism features...
