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Persistent link: https://www.econbiz.de/10003373272
Within the context of a single-unit, independent private values auction model, we show that if bidder types are multidimensional, then under the optimal auction exclusion of a positive measure of bidder types occur. The results complements Armstrong’s (1996) exclusion of types result.
Persistent link: https://www.econbiz.de/10010608646
In this paper we investigate the exclusion of types in optimal auctions. We show that multidimensional types exclusion is a general phenomenon.
Persistent link: https://www.econbiz.de/10005125616
Persistent link: https://www.econbiz.de/10010065153