We consider descending price auctions for selling m units of a good to unit demand i.i.d. buyers where there is an exogenous bound of k on the number of price levels the auction clock can take. The auctioneer's problem is to choose price levels p_1 p_2 ... p_k for the auction clock such that...

Consider a mechanism run by an auctioneer who can use both payment and inspection instruments to incentivize agents. The timeline of the events is as follows. Based on a pre-specified allocation rule and the reported values of agents, the auctioneer allocates the item and secures the reported...