Simultaneous Pooled Auctions with Multiple Bids and Preference Lists - 10.1628/093245610791343049 - Mohr Siebeck
Economics

Maarten C. W. Janssen, Vladimir A. Karamychev, Emiel Maasland

Simultaneous Pooled Auctions with Multiple Bids and Preference Lists

Volume 166 () / Issue 2, pp. 286-298 (13)

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A simultaneous pooled auction with multiple bids and preference lists is a way to auction multiple heterogeneous objects to multiple bidders with unit demand. Bidders submit bids for every object, and a preference ordering over which object they would like to get if they have the highest bid on more than one object. This type of auction has been used in the Netherlands and in Ireland to auction available spectrum. We show that this type of auction does not satisfy elementary desirable properties such as the existence of an efficient equilibrium.
Authors/Editors

Maarten C. W. Janssen No current data available.

Vladimir A. Karamychev No current data available.

Emiel Maasland No current data available.