Jehiel, P. and Meyer-ter-Vehn, M. and Moldovanu, B. (2006) Mixed bundling auctions. (ELSE Working Papers 184). ESRC Centre for Economic Learning and Social Evolution: London, UK.
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Abstract
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 prepackaged 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.
| Type: | Working / discussion paper |
|---|---|
| Title: | Mixed bundling auctions |
| Open access status: | An open access version is available from UCL Discovery |
| Publisher version: | http://else.econ.ucl.ac.uk/newweb/papers.php#2006 |
| Language: | English |
| UCL classification: | UCL > School of Arts and Social Sciences > Faculty of Social and Historical Sciences > Economics |
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