This paper considers sequential auctions where an individual's value for a bundle of objects is either greater than the sum of the values for the objects separately (positive synergy) or less than the sum (negative synergy). The authors show that the existence of positive synergies implies...

In this paper, we study an auction where bidders only know the number of potential applicants.

This paper is organized as follows. Section 1 is an introduction. section we review the existing research on (sequential) pooled auctions. section 3m formalized our model of simultaneous ooled suctions while in the section 4 we derive the equilibrium bidding strategies. Section 5 contains the...