M, Ausubel Lawrence; R, Milgrom Paul - In: The B.E. Journal of Theoretical Economics 1 (2002) 1, pp. 1-44
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...
