On the incentive properties of multi-item auctions
On the incentive properties of multi-item auctions
复制标题
论多物品拍卖的激励性质
DOI:
10.1007/bf01243191
复制
发表时间:
1998
影响因子:
0.6
通讯作者:
M. Miyake
中科院分区:
文献类型:
--
作者:
M. Miyake
In a market of indivisible objects where a buyer consumes at most one object, the buyer-optimal auction is a multi-item generalization of Vickrey's second-price auction. If the optimal auction is formulated as a strategic game, it is well-known that it satisfies good incentive properties, i.e., the honest strategy profile is a Nash equilibrium, a unique perfect equilibrium and a dominant strategy equilibrium. For each of the three incentive properties, it is shown that the optimal auction is auniqueauction satisfying the property. The uniqueness results are derived in a general setting with budget constraints and non-linear utilities.