An Optimal Auction for Complements

作者: Jonathan Levin

DOI: 10.1006/GAME.1997.0534

关键词:

摘要: Abstract This paper considers the optimal selling mechanism for complementary items. When buyers are perfectly symmetric, procedure is to bundle items and run a standard auction. In general, however, bundling not necessarily desirable, auctions do maximize revenue. Moreover, auction allocation may be socially efficient since must discriminate against bidders who have strong incentives misrepresent their true preferences. Journal of Economic Literature Classification Number: D44.

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