Lamy, Laurent - Centre de Recherche en Économie et Statistique … - 2007
We slightly modify the Ausubel-Milgrom [3] Proxy Auction byadding a nal stage which possibly induces some discounts relativeto the nal accepted bids of the 'original' auction. The proxy auctionwith nal discounts is such that the outcome is a point in the bidderoptimal frontier of the Core. Then...