Klemperer, Paul - Economics Group, Nuffield College, University of Oxford - 2009
round auction (SMRA), bidders bid on multiple assets simultaneously, and bid-takers choose supply functions across assets …I describe a new static (sealed-bid) auction for multiple substitute goods. As in a two-sided simultaneous multiple … simpler to use and understand, and less vulnerable to collusion, than a SMRA. I designed it after the 2007 Northern Rock bank …