Erdil, Aytek; Klemperer, Paul - In: Journal of the European Economic Association 8 (2010) 2-3, pp. 537-547
We propose a new, easy-to-implement class of payment rules, "Reference Rules" to make core-selecting package auctions more robust. Small, almost-riskless, profitable deviations from "truthful bidding" are often easy for bidders to find under currently used payment rules. Reference Rules perform...