September 2009
Intermediate to advanced
336 pages
9h 37m
English
Content preview from Auction Theory, 2nd Edition
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320 Index
Multiunit auctions, 183–184. See also Ausubel
auction
efficiency, three or more bidders in, 258–259
efficiency, two bidders in, 256–258
efficiency in, 189–190
equilibrium payoff function and, 206
generalized VCG mechanism for, 252–254,
253f
revenue equivalence and, 203–206
Multiunit demand, 186
problems with, 224–225
revenue equivalence with, 206–210
Multiunit Dutch auction
defining, 179
discriminatory auction compared to, 180
extensions/equivalences of, 182f
Multiunit English auction, 180
extensions/equivalences of, 182f
Multiuse model, 186–187
N
Nash equilibrium, 93, 295
Negative externality, 81
Negotiations, 73–74
No regret feature, 93
Nondecreasing function, 65
Nonidentical objects
bundling and, 231–233
complements and, 231
model for, 227–230
substitutes and, ...
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