Showing 1 - 2 of 2
Persistent link: https://www.econbiz.de/10009619450
This paper considers a general package auction problem and a class of payment rules we refer to as standard. In a “standard” pricing rule, each winner pays at least his “minimum required value” to win. The minimum required value coincides with the payment in the Vickrey auction, and...
Persistent link: https://www.econbiz.de/10013116028