ALBANO, Gian Luigi; GERMANO, Fabrizio; LOVO, Stefano - Center for Operations Research and Econometrics (CORE), … - 1999
In an example with two objects and four bidders, some of which have superadditive values, we characterize the equilibria of a simultaneous ascending auction and compare the revenue and efficiency generated with ones generated by the sequential, the one-shot simultaneous, and the...