Auctioning Many Divisible Goods
研究拍卖多种可分割商品的理论与实践,强调同时钟拍卖在价格发现和简化投标人决策方面的优势,并讨论实际应用中的关键考虑。
We study the theory and practical implementation of auctioning many divisible goods.With multiple related goods, price discovery is important not only to reduce the winner's curse, but more importantly, to simplify the bidder's decision problem and to facilitate the revelation of preferences in the bids.Simultaneous clock auctions are especially desirable formats for auctioning many divisible goods.We examine the properties of these auctions and discuss important practical considerations in applying them.