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An Efficient Ascending-Bid Auction for Multiple Objects: Reply

Author

Listed:
  • Lawrence M. Ausubel

Abstract

In a comment, Okamoto (2018) identifies and corrects a misspecification of the rationing rule in Ausubel (2004). This reply elaborates on the observation that the optimality of truthful bidding in dynamic auctions may be sensitive to the fine details of the rationing rule. It then discusses the wider role of sequential bid processing in restoring truthful bidding.

Suggested Citation

  • Lawrence M. Ausubel, 2018. "An Efficient Ascending-Bid Auction for Multiple Objects: Reply," American Economic Review, American Economic Association, vol. 108(2), pages 561-563, February.
    • Handle: RePEc:aea:aecrev:v:108:y:2018:i:2:p:561-63
    Note: DOI: 10.1257/aer.20171408
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    Cited by:

    1. Ryuji Sano, 2021. "Dynamic communication mechanism design," Social Choice and Welfare, Springer;The Society for Social Choice and Welfare, vol. 57(1), pages 163-180, July.

    More about this item

    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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