The English Auction Is Optimal Among Simple Sequential Auctions
证明，在买家估值具有私人性和关联性的情况下，英式拍卖在一大类称为“简单序贯拍卖”的序贯竞价机制中，能使卖家预期利润最大化。
With private and affiliated buyer's values, the English auction maximizes the seller's expected profit within a large family of sequential bidding mechanisms, named “Simple Sequential Auctions.”Journal of Economic LiteratureClassification Numbers: D44, D82.