Ausubel, Lawrence; Milgrom, Paul - In: Advances in Theoretical Economics 1 (2002) 1, pp. 1019-1019
A family of ascending package auction models is introduced in which bidders may determine their own packages on which to bid. In the proxy auction (revelation game) versions, the outcome is a point in the core of the exchange economy for the reported preferences. When payoffs are linear in money...