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- handle: 10670/1.5g3r6m
- halshs: halshs-00754233
- doi: 10.1016/j.jet.2006.02.001
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info:eu-repo/semantics/altIdentifier/doi/10.1016/j.jet.2006.02.001
Mots-clés
Mixed bundling Auction Revenue maximization D - Microeconomics/D.D4 - Market Structure, Pricing, and Design/D.D4.D44 - Auctions D - Microeconomics/D.D4 - Market Structure, Pricing, and Design D - Microeconomics/D.D8 - Information, Knowledge, and Uncertainty/D.D8.D82 - Asymmetric and Private Information • Mechanism DesignSujets proches
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Philippe Jehiel et al., « Mixed Bundling Auctions », HAL-SHS : économie et finance, ID : 10.1016/j.jet.2006.02.001
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Résumé
We study multi-object auctions where agents have private and additive valuations for heterogeneous objects. We focus on the revenue properties of a class of dominant strategy mechanisms where a weight is assigned to each partition of objects. The weights influence the probability with which partitions are chosen in the mechanism. This class contains efficient auctions, pure bundling auctions, mixed bundling auctions, auctions with reserve prices and auctions with pre-packaged bundles. For any number of objects and bidders, both the pure bundling auction and separate, efficient auctions for the single objects are revenue-inferior to an auction that involves mixed bundling.