Simultaneous Ascending Auction

The simultaneous ascending auction has proved to be a successful method of auctioning many related items. Simultaneous sale and ascending bids enable price discovery, which helps bidders build desirable packages of items. Although package bids are not allowed, the auction format does handle mild complementarities well. I examine the auction design and its performance in practice.

MoreLess

Year of publication:	2004
Authors:	Cramton, Peter
Institutions:	University of Maryland, Department of Economics - Peter Cramton
Subject:	Auctions \| Ascending Auctions \| Market Design

More details

Extent:	application/pdf
Series:	Papers of Peter Cramton.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Peter Cramton, Yoav Shoham, and Richard Steinberg, eds., Combinatorial Auctions, Cambridge, MA: MIT Press, chapter 4, 2006. 15 pages
Classification:	D44 - Auctions
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004988767