We propose a dynamic auction mechanism for efficiently allocating multiple heterogeneous indivisible goods. These goods … the auction, the auctioneer announces the current prices for all items, bidders respond by reporting their demands at … their market power, this dynamic auction always induces the bidders to bid truthfully as price-takers, yields an efficient …

-of these markets. Allowing for general fee structures, we show that their impact on incentives and efficiency in large Double … than the Double Auction. …

the MPW rule is the unique rule satisfying \textit{strategy-proofness}, \textit{efficiency}, \textit … ascending (SA) auction, our result supports SA auctions adopted by many governments. …

desirable properties, which highlights the strong tension between egalitarian-equivalence and efficiency. In contrast, in the … case of two agents and a single object, egalitarian-equivalence is compatible with efficiency. …