Monteiro, Paulo Klinger; Page, Frank H.; Svaiter, Benar fux - In: Journal of Mathematical Economics 49 (2013) 1, pp. 106-110
Within the context of a single-unit, independent private values auction model, we show that if bidder types are multidimensional, then under the optimal auction exclusion of a positive measure of bidder types occur. The results complements Armstrong’s (1996) exclusion of types result.
