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A note of revenue maximization and efficiency in multi-object auctions

By P Jehiel and B Moldovanu

Abstract

Combining the result of Palfrey (1983) about the role of bundling and the revenue equivalence theorem, this note shows that there is a conflict between revenue maximization and efficiency in multi-object auctions even with symmetric bidders

Year: 2001
OAI identifier: oai:eprints.ucl.ac.uk.OAI2:16653
Provided by: UCL Discovery

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