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Combinatorial auctions, in particular core-selecting auctions, have increasingly attracted the attention of academics … and practitioners. We experimentally analyze core-selecting auctions under incomplete information and find that they … perform better than the Vickrey auction. The proportions of efficient allocations are similar in both types of auctions, but …
Persistent link: https://www.econbiz.de/10011834032
such a market, a Walrasian equilibrium usually fails to exist and also the existing auctions might fail to allocate the …
Persistent link: https://www.econbiz.de/10011374424
Combinatorial auctions, in particular core-selecting auctions, have increasingly attracted the attention of academics … and practitioners. We experimentally analyze core-selecting auctions under incomplete information and find that they … perform better than the Vickrey auction. The proportions of efficient allocations are similar in both types of auctions, but …
Persistent link: https://www.econbiz.de/10011815479
We propose a new, easy-to-implement, class of payment rules, "Reference Rules", to make core-selecting package auctions …
Persistent link: https://www.econbiz.de/10011004137
We propose a new, easy-to-implement, class of payment rules, "Reference Rules," to make core-selecting package auctions …
Persistent link: https://www.econbiz.de/10008459772
We propose a new, easy-to-implement, class of payment rules, “Reference Rules,” to make core-selecting package auctions …
Persistent link: https://www.econbiz.de/10008469670
such a market, a Walrasian equilibrium usually fails to exist and also the existing auctions might fail to allocate the …
Persistent link: https://www.econbiz.de/10010325818
We present a partial identification approach for ascending auctions wit bidder asymmetries, where bidders' asymmetric … bounds approaches for correlated private values ascending auctions. When bidder identities are observable , our approach … our identification argument and apply it to data from U.S. timber auctions, finding that bounds on optimal reserve prices …
Persistent link: https://www.econbiz.de/10011995486
Price controls are used in many regulated markets and well recognized as the cause of market inefficiency. This paper examines a practical housing market in the presence of price controls and provides a solution to the problem of how houses should be efficiently allocated among agents through a...
Persistent link: https://www.econbiz.de/10013208692
We present a partial identification approach for ascending auctions wit bidder asymmetries, where bidders’ asymmetric … bounds approaches for correlated private values ascending auctions. When bidder identities are observable , our approach … our identification argument and apply it to data from U.S. timber auctions, finding that bounds on optimal reserve prices …
Persistent link: https://www.econbiz.de/10011801447