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This paper considers a general package auction problem and a class of payment rules we refer to as standard. In a “standard” pricing rule, each winner pays at least his “minimum required value” to win. The minimum required value coincides with the payment in the Vickrey auction, and...
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This paper considers a class of combinatorial auctions with ascending prices, which includes the Vickrey-Clarke-Groves mechanism and core-selecting auctions. In every ascending auction, the Vickrey-target strategy, i.e., bidding up to the Vickrey price based on provisional valuations,...
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This study considers a mechanism design problem in which service slots are allocated over time to buyers arriving at different periods. Some buyers can accept delayed service, whereas others cannot. Buyers have a multidimensional type representing their valuation and patience level. The seller...
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