Economics at your fingertips  

An Efficient Ascending-Bid Auction for Multiple Objects: Comment

Noriaki Okamoto

American Economic Review, 2018, vol. 108, issue 2, 555-60

Abstract: Ausubel (2004) introduces a new ascending-bid auction rule for multiple homogeneous objects, called the Ausubel auction, which is a dynamic counterpart of the Vickrey auction. He claims that in the Ausubel auction with private values, sincere bidding by all bidders is an ex post perfect equilibrium. However, we show that this claim does not hold in general by providing a counterexample. We then modify the Ausubel auction so that sincere bidding by all bidders is an ex post perfect equilibrium.

JEL-codes: D44 (search for similar items in EconPapers)
Date: 2018
Note: DOI: 10.1257/aer.20160970
References: Add references at CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf) ... GjPC_WawU9X7o9Xt25ei (application/pdf) ... vb5XFrBH-XgATWEZt57b (application/zip)
Access to full text is restricted to AEA members and institutional subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Ordering information: This journal article can be ordered from

Access Statistics for this article

American Economic Review is currently edited by Esther Duflo

More articles in American Economic Review from American Economic Association Contact information at EDIRC.
Bibliographic data for series maintained by Michael P. Albert ().

Page updated 2018-06-15
Handle: RePEc:aea:aecrev:v:108:y:2018:i:2:p:555-60