Optimal Multi-Object Auctions

S-Tier
Journal: Review of Economic Studies
Year: 2000
Volume: 67
Issue: 3
Pages: 455-481

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

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

Abstract

This paper analyses optimal auctions of several objects. In the first model bidders have a binary distribution over their valuations for each object, in which case the optimal auction is efficient. The optimal auction takes one of two formats: either objects are sold in independent auctions, or a degree of bundling is introduced in the sense that the probability a bidder wins one object is increasing in her value for the other. The format of the optimal auction may depend upon the number of bidders. In the second model the restriction to binary distributions is relaxed, and the optimal auction is then inefficient.

Technical Details

RePEc Handle
repec:oup:restud:v:67:y:2000:i:3:p:455-481.
Journal Field
General
Author Count
1
Added to Database
2026-01-24