Optimal Multi-Dimensional Auctions: Conjectures and Simulations

Alexey Kushnir and James Michelson

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Abstract: We explore the properties of optimal multi-dimensional auctions in a model where a single object of multiple qualities is sold to several buyers. Using simulations, we test some hypotheses conjectured by Belloni et al. [3] and Kushnir and Shourideh [7]. As part of this work, we provide the first open-source library for multi-dimensional auction simulations written in Python.

Date: 2022-07
New Economics Papers: this item is included in nep-cmp and nep-des
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