A dynamic auction for differentiated items under price rigidities

C-Tier
Journal: Economics Letters
Year: 2008
Volume: 99
Issue: 2
Pages: 278-281

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

A number of heterogeneous items are to be sold to several bidders. Each bidder demands at most one item. The price of each item is not completely flexible but restricted to some admissible interval. Due to price rigidities, a Walrasian equilibrium usually fails to exist. To facilitate the allocation of items to the bidders, we propose an efficient ascending auction with rationing that yields a constrained Walrasian equilibrium outcome in a finite number of steps.

Technical Details

RePEc Handle
repec:eee:ecolet:v:99:y:2008:i:2:p:278-281
Journal Field
General
Author Count
2
Added to Database
2026-01-29