Grigorieva, Elena; Jean-Jacques Herings, P.; Müller, Rudolf - In: European Journal of Operational Research 220 (2012) 2, pp. 577-587
This paper studies the sales of a single indivisible object where bidders have continuous valuations. In Grigorieva et al. [14] it was shown that, in this setting, query auctions necessarily allocate inefficiently in equilibrium. In this paper we propose a new sequential auction, called the...