Title of article :
Equilibrium and efficiency in auctions of complementary goods without bundling
Author/Authors :
Hee-Su Kim، نويسنده , , Kim ، نويسنده ,
Issue Information :
روزنامه با شماره پیاپی سال 1996
Abstract :
In selling complementary goods without bundling through a first-price or second-price auction, if the value of the whole bundle of objects is significantly higher than that of any incomplete bundle, then we can derive an equilibrium in which the allocation is efficient and the sellerʹs revenue is maximized.
Keywords :
auction , Efficiency , Complementary goods
Journal title :
Economics Letters
Journal title :
Economics Letters