Elena, Grigorieva; Jean-Jacques, Herings P.; Rudolf, Müller - Maastricht : METEOR, Maastricht Research School of … - 2009
This paper studies the sales of a single indivisible object where bidders have continuous valuations. In Grigorieva et al. [13] it was shown that, in this setting, query auctions necessarily allocate inefficiently in equilibrium. In this paper we propose a new sequential auction, called the...