Katok, Elena; Roth, Alvin E. - In: Management Science 50 (2004) 8, pp. 1044-1063
Most business-to-business (B2B) auctions are used to transact large quantities of homogeneous goods, and therefore use multiunit mechanisms. In the B2B context, bidders often have increasing returns to scale, or synergies. We compare two commonly used auction formats for selling multiple...