Auctioning Many Divisible Goods
We study the theory and practical implementation of auctioning many divisible goods. With multiple related goods, price discovery is important not only to reduce the winner's curse, but more importantly, to simplify the bidder's decision problem and to facilitate the revelation of preferences in the bids. Simultaneous clock auctions are especially desirable formats for auctioning many divisible goods. We examine the properties of these auctions and discuss important practical considerations in applying them. (JEL: D44) Copyright (c) 2004 The European Economic Association.
Volume (Year): 2 (2004)
Issue (Month): 2-3 (04/05)
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Papers of Peter Cramton
98wpdr, University of Maryland, Department of Economics - Peter Cramton, revised 22 Jul 2002.
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Papers of Peter Cramton
02collude, University of Maryland, Department of Economics - Peter Cramton, revised 04 Dec 2002.
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Springer;Society for the Advancement of Economic Theory (SAET), vol. 23(3), pages 493-505, March.
- Lawrence M. Ausubel & Peter Cramton & Wynne P. Jones, 2012. "System and Method for an Auction of Multiple Types of Items," Papers of Peter Cramton 11acjam, University of Maryland, Department of Economics - Peter Cramton, revised 2012.
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