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The simultaneous ascending auction has proved to be a successful method of auctioning
many related items. Simultaneous sale and ascending bids promote price discovery,
which helps bidders build de...
We explore the performance of multi-round, price-guided combinatorial auctions for a previously untested class
of auction profiles; one with synergies resulting from shared fixed costs. These new pr...
Ascending Prices and Package Bidding:Further Experimental Analysis
Package auctions SAA auctions CCA auctions threshold problem
2015/7/21
We explore the performance of multi-round, price-guided combinatorial auctions for a previously untested class of auction profiles; one with synergies resulting from shared fixed costs. These newprof...
Ascending Prices and Package Bidding:A Theoretical and Experimental Analysis
Ascending Prices Package Bidding Theoretical Experimental Analysis
2015/7/21
We use theory and experiment to explore the performance of multi-round, price-guided, combinatorial auctions. We define efficiency-relevant and core-relevant packages and show that if bidders bid aggr...
Ascending Proxy Auctions
Ascending Proxy Auctions
2015/7/21
Theoretical treatments of auctions usually analyze situations in which there is some particular item to be bought or sold and the question is what auction format to use. In real auctions, however, the...
The Vickrey and ascending package auctions are found to have identical equilibrium performance in the case where goods are substitutes. In the remaining cases, the Vickrey auction retains its incentiv...
A family of ascending package auction models is introduced in which bidders may determine their own packages on which to bid. In the proxy auction (revelation game) versions, the outcome is a point in...
Putting Auction Theory to Work:The Simultaneous Ascending Auction
Auction Theory Simultaneous Ascending Auction
2015/7/21
Putting Auction Theory to Work:The Simultaneous Ascending Auction.