Gong, Qiang; Tan, Xu; Xing, Yiqing - In: Review of Economic Design 18 (2014) 1, pp. 11-35
. Second, when reserve prices can be endogenously selected in addition to the order of sellers, the auctioneer would always … want to adopt the increasing order for the optimally chosen reserve prices. Sequential auctions with optimally chosen … reserve prices and an increasing order are shown optimal among the class of voluntary and incentive-compatible mechanisms …