The Ausubel-Milgrom Proxy Auction with Final Discounts
The Ausubel-Milgrom Proxy Auction with Final Discounts
复制标题
奥苏贝尔-米尔格罗姆代理拍卖(含最终折扣)
DOI:
--
复制
发表时间:
2007
期刊:
影响因子:
--
通讯作者:
L. Lamy
中科院分区:
文献类型:
--
作者:
L. Lamy
We slightly modify the Ausubel-Milgrom [3] Proxy Auction byadding a final stage which possibly induces some discounts relativeto the final accepted bids of the 'original' auction. The proxy auctionwith final discounts is such that the outcome is a point in the bidderoptimal frontier of the Core. Then truthful reporting is an equilibriumif and only if the Vickrey outcome is in the Core, a condition that isnecessary but not sufficient in the original version of the proxy auctionas illustrated by an example.