Suppose a seller wants to sell $k$ similar or identical objects and there are $nk$ potential buyers. Suppose that buyers want only one object. (This is a reasonable assumption in the sale of condominiums or in the sale of government-owned residential units to low-income families). In this case,...

Suppose a seller wants to sell k similar or identical objects and there are nk potential buyers. Suppose that each buyer wants only one object. In this case, we suggest the use of a simultaneous auction that would work as follows. Players are asked to submit sealed bids for one object. The...