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We show that the class of preferences satisfying the Gross Substitutes condition of Kelso and Crawford (1982) is strictly larger than the class of Endowed Assignment Valuations of Hatfield and Milgrom (2005), thus resolving the open question posed by the latter paper. In particular, our result...
Persistent link: https://www.econbiz.de/10011599555
This paper studies the possibility of implementing Pareto optimal outcomes in the combinatorial auction setting where bidders may have budget constraints. I show that when the setting involves a single good, or multiple goods but with single-minded bidders, there is a unique mechanism, called...
Persistent link: https://www.econbiz.de/10012010045
This paper provides a characterization of dominant strategy mechanisms with quasi-linear utilities and multi-dimensional types for a variety of preference domains. These characterizations are in terms of a monotonicity property on the underlying allocation rule.
Persistent link: https://www.econbiz.de/10010266266
auctioneer's revenue in combinatorial auctions, focusing on combinatorial auctions, we propose a simple and efficient model for …
Persistent link: https://www.econbiz.de/10009476016
The Combinatorial Clock Auction (CCA) has frequently been used in recent spectrum auctions. It combines a dynamic clock …
Persistent link: https://www.econbiz.de/10012215325
provide autonomous software agents with the infrastructure to perform contractually binding auctions of multimodal freight …
Persistent link: https://www.econbiz.de/10012143094
, which extends structural estimation techniques for combinatorial auctions, and FDIC data summarizing bids, we back out the …
Persistent link: https://www.econbiz.de/10012431065
and thus, price discovery. These rules find application in the design of iterative combinatorial auctions for real world … scenarios, for example in spectrum auctions, in airline landing slot auctions, and in procurement auctions. We introduce the … be rationalized in this way. We design such a rule for auctions with budget-constrained bidders, i.e., bidders with …
Persistent link: https://www.econbiz.de/10009431900
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