A simultaneous descending bid auction for multiple items and unitary demand
This paper proposes a new descending bid method for auctioning multiple objects. The auctioneer announces a current price, bidders indicate their demands at that price, and the auctioneer lowers the prices until every object can be allocated to a buyer who demands it and no buyer receives more than...
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| Format: | Article |
| Language: | English |
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Fundação Getúlio Vargas
2002-09-01
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| Series: | Revista Brasileira de Economia |
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| Online Access: | http://www.scielo.br/scielo.php?script=sci_arttext&pid=S0034-71402002000300006 |