[eng] Package Bidding Vickrey vs. Ascending Auctions. . The Vickrey and ascending package auctions are found to have identical equilibrium performance in the case where goods are substitutes. In the remaining cases, the Vickrey auction retains its incentive advantages ai the cost of setting...

The Vickrey and ascending package auctions are found to have identical equilibrium performance in the case where goods are substitutes. In the remaining cases, the Vickrey auction retains its incentive advantages at the cost of setting prices that are so low that the outcome is not in the core...