G2TT
来源类型FEEM working papers "Note di lavoro" series
规范类型论文
Multi-Unit Open Ascending Price Efficient Auction
Sergei Izmalkov
发表日期2004
出处Economy and Society
出版年2004
语种英语
摘要This paper presents an open ascending price mechanism that allocates efficiently M units of the same good among N bidders with interdependent values The mechanism consists of a number of sequential English auctions with reentry and has the following attributes. In each of the individual auctions all the bidders compete simultaneously in the open ascending price format. The most distinctive feature of the mechanism is that winners are determined first, and then additional auxillary auctions are conducted to determine prices. The total number of auctions depends only on the number of goods to be allocated and not on the number of bidders.
特色分类C72,D44
关键词Multiple units,Interdependent values,Sequential auctions,Ascending price auction
URLhttps://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/multi-unit-open-ascending-price-efficient-auction/
来源智库Fondazione Eni Enrico Mattei (Italy)
资源类型智库出版物
条目标识符http://119.78.100.153/handle/2XGU8XDN/117042
推荐引用方式
GB/T 7714
Sergei Izmalkov. Multi-Unit Open Ascending Price Efficient Auction. 2004.
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