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Unbundling Truthful Revelation when Auctioning Bundled Goods

Author

Listed:
  • Pascal Courty
  • Daniel Rondeau
  • Maurice Doyon

Abstract

We study truthful revelation when a seller auctions bundles of goods and is interested in learning the buyer’s valuations for each individual good. We generalize the auction rules for the Becker- Degroot-Marschak mechanism and the Vickrey auction to induce truthful revelation.

Suggested Citation

  • Pascal Courty & Daniel Rondeau & Maurice Doyon, 2015. "Unbundling Truthful Revelation when Auctioning Bundled Goods," Working Papers 2015-05, University of Victoria, Department of Economics, Resource Economics and Policy Analysis Research Group.
    • Handle: RePEc:rep:wpaper:2015-05
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    File URL: http://web.uvic.ca/~repa/publications/REPA%20working%20papers/WorkingPaper2015-05.pdf
    File Function: Final version, 2015
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    Keywords

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    JEL classification:

    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • D47 - Microeconomics - - Market Structure, Pricing, and Design - - - Market Design
    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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