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The empirical analysis of the -bilateral optimized combinatorial auction model

✍ Scribed by Jin Ho Choi; Yong Sik Chang; Ingoo Han

Book ID
113830616
Publisher
Elsevier Science
Year
2009
Tongue
English
Weight
192 KB
Volume
37
Category
Article
ISSN
0305-0483

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## Abstract We construct a model of participation and bidding at multi‐unit, sequential, clock auctions when bidders have multi‐unit demand. We describe conditions sufficient to characterize a symmetric, perfect‐Bayesian equilibrium and then demonstrate that this equilibrium induces an efficient al