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Side-communication yields efficiency of ascending auctions: The two-items case

  • Lavi, Ron
  • Oren, Sigal
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    We analyze a simultaneous ascending auction with anonymous item prices, for two items that are substitutes. This popular format entails increased opportunities for coordination among bidders, since bids are observable and can be used as signaling. This has happened, e.g., in the Netherlands 3G Telecom Auction and in the FCC auctions.

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    File URL: http://www.sciencedirect.com/science/article/pii/S089982561200084X
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    Article provided by Elsevier in its journal Games and Economic Behavior.

    Volume (Year): 76 (2012)
    Issue (Month): 2 ()
    Pages: 439-456

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    Handle: RePEc:eee:gamebe:v:76:y:2012:i:2:p:439-456
    DOI: 10.1016/j.geb.2012.05.011
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/622836

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