Simultaneous Pooled Auctions with Multiple Bids and Preference Lists

Maarten C.W. Janssen (), Vladimir A. Karamychev () and Emiel Maasland ()
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Maarten C.W. Janssen: Erasmus University Rotterdam

No 08-034/1, Tinbergen Institute Discussion Papers from Tinbergen Institute

Abstract: A simultaneous pooled auction with multiple bids and preference lists is a way to auction multiple objects, in which bidders simultaneously express a bid for each object and a preference ordering over which object they would like to get in case they have the highest bid on more than one object. This type of auction has been used in the Netherlands and in Ireland to auction available spectrum. We show that this type of auction does not satisfy elementary desirable properties such as the existence of an efficient equilibrium.

Keywords: Simultaneous pooled auctions; Multi-object sealed-bid auctions; Multiple bids; Single-object demand; Preference lists (search for similar items in EconPapers)
JEL-codes: C72 D44 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-gth
Date: 2008-03-28
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Persistent link: http://EconPapers.repec.org/RePEc:dgr:uvatin:20080034

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