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Auctioning Many Divisible Goods

Author

Listed:
  • Lawrence M. Ausubel

    (University of Maryland,)

  • Peter Cramton

    (University of Maryland,)

Abstract

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.

Suggested Citation

  • Lawrence M. Ausubel & Peter Cramton, 2004. "Auctioning Many Divisible Goods," Journal of the European Economic Association, MIT Press, vol. 2(2-3), pages 480-493, 04/05.
    • Handle: RePEc:tpr:jeurec:v:2:y:2004:i:2-3:p:480-493
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    JEL classification:

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

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