Elena, Grigorieva; Jean-Jacques, Herings P.; Rudolf, Müller - Graduate School of Business and Economics (GSBE), … - 2006
In this paper we analyze the performance of a recently proposed sequential auction, called the c-bisection auction, that can be used for a sale of a single indivisible object. We discuss the running time and the e±ciency in the ex-post equilibrium of the auction. We show that by changing the...