An Example of a Multi-Object Auction Game,

Abstract

Multi-object auctions are traditionally analyzed as if they were a number of simultaneous independent single object auctions. Such an approximation may be very crude if bidders have budget restrictions, capacity constraints, or, in general, have non-linear utility functions. This paper presents a very simple multi-object auction for which explicit equilibrium strategies can be calculated; these equilibrium strategies have several qualitative characteristics arising from the multi-object nature of the example and therefore not present in typical single object auctions. (Author)

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Document Details

Document Type
Technical Report
Publication Date
Sep 11, 1978
Accession Number
ADA063066

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  • Richard Engelbrecht-wiggans

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  • Yale University

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