In this paper we present a new iterative acution, the bisection auction, that can be used for the sale of a single … indivisible object. We will show that the bisection auction is computationally more efficient than the classical English auction … while it still preserves all characteristics the English auction shares with the Vickrey auction: There exists an …

Vijay Krishna's 2e of Auction Theory improves upon his 2002 bestseller with a new chapter on package and position … students doing empirical work on auctions. Focuses on key auction types and serves as the doorway to relevant theory for those … Krishna's ability to reveal the basic facts of each theory in a style that is clear, concise, and easy to follow. With the …

all-pay auction. The proofs employ lattice-theoretic methods and an improved version of Jensen's inequality. …