Jump bidding and overconcentration in decentralized simultaneous ascending auctions
Author
Abstract
Suggested Citation
DOI: 10.1016/j.geb.2012.08.002
Download full text from publisher
As the access to this document is restricted, you may want to look for a different version below or search for a different version of it.
Other versions of this item:
- Zheng, Charles Zhoucheng, 2006. "Jump Bidding and Overconcentration in Decentralized Simultaneous Ascending Auctions," Staff General Research Papers Archive 12698, Iowa State University, Department of Economics.
References listed on IDEAS
- Sandro Brusco & Giuseppe Lopomo, 2002. "Collusion via Signalling in Simultaneous Ascending Bid Auctions with Heterogeneous Objects, with and without Complementarities," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 69(2), pages 407-436.
- Albano, Gian Luigi & Germano, Fabrizio & Lovo, Stefano, 2001.
"A comparison of standard multi-unit auctions with synergies,"
Economics Letters, Elsevier, vol. 71(1), pages 55-60, April.
- ALBANO, Gian Luigi & GERMANO, Fabrizio & LOVO, Stefano, 1999. "A comparison of standard multi-unit auctions with synergies," LIDAM Discussion Papers CORE 1999052, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- ALBANO, Gian Luigi & GERMANO, Fabrizio & LOVO, Stefano, 2001. "A comparison of standard multi-unit auctions with synergies," LIDAM Reprints CORE 1556, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
- Stefano Lovo & Gian Luigi Albano & Fabrizio Germano, 1999. "A Comparison of Standard Multi-Unit Auctions with Synergies," Working Papers hal-00599418, HAL.
- Stefano Lovo & Fabrizio Germano & Gian Luigi Albano, 2001. "A comparison of standard multi-unit auctions with synergies," Post-Print hal-00460031, HAL.
- Milgrom,Paul, 2004.
"Putting Auction Theory to Work,"
Cambridge Books,
Cambridge University Press, number 9780521536721, October.
- Milgrom,Paul, 2004. "Putting Auction Theory to Work," Cambridge Books, Cambridge University Press, number 9780521551847, October.
- Sandro Brusco & Giuseppe Lopomo, 2009.
"Simultaneous ascending auctions with complementarities and known budget constraints,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 38(1), pages 105-124, January.
- Sandro Brusco & Giuseppe Lopomo, 2005. "Simultaneous Ascending Auctions with Complementarities and Known Budget Constraints," Department of Economics Working Papers 05-13, Stony Brook University, Department of Economics.
- Paul Milgrom, 2000.
"Putting Auction Theory to Work: The Simultaneous Ascending Auction,"
Journal of Political Economy, University of Chicago Press, vol. 108(2), pages 245-272, April.
- Paul Milgrom, "undated". "Putting Auction Theory to Work: The Simultaneous Ascending Auction," Working Papers 98002, Stanford University, Department of Economics.
- Milgrom, Paul, 1998. "Putting auction theory to work : the simultaneous ascending auction," Policy Research Working Paper Series 1986, The World Bank.
- Rosenthal, Robert W. & Wang, Ruqu, 1996.
"Simultaneous Auctions with Synergies and Common Values,"
Games and Economic Behavior, Elsevier, vol. 17(1), pages 32-55, November.
- Robert W. Rosenthal & Ruqu Wang, 1995. "Simultaneous Auctions with Synergies and Common Values," Papers 0060, Boston University - Industry Studies Programme.
- Vijay Krishna & Motty Perry, 1997. "Efficient Mechanism Design," Game Theory and Information 9703010, University Library of Munich, Germany, revised 28 Apr 1998.
- Gian Albano & Fabrizio Germano & Stefano Lovo, 2006.
"Ascending auctions for multiple objects: the case for the Japanese design,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 28(2), pages 331-355, June.
- Stefano Lovo & Gian Luigi Albano & Fabrizio Germano, 2006. "Ascending auctions for multiple objects: the case for the Japanese design," Post-Print halshs-00009852, HAL.
- Krishna, Vijay & Rosenthal, Robert W., 1996.
"Simultaneous Auctions with Synergies,"
Games and Economic Behavior, Elsevier, vol. 17(1), pages 1-31, November.
- Vijay Krishna & Robert Rosenthal, 1995. "Simultaneous Auctions with Synergies," Papers 0056, Boston University - Industry Studies Programme.
- Krishna, V. & Rosenthal, R.W., 1995. "Simultaneous Auctions with Synergies," Papers 04-95-06, Pennsylvania State - Department of Economics.
- Vijay Krishna & Robert Rosenthal, 1995. "Simultaneous Auctions with Synergies," Game Theory and Information 9503004, University Library of Munich, Germany.
- Bykowsky, Mark M & Cull, Robert J & Ledyard, John O, 2000.
"Mutually Destructive Bidding: The FCC Auction Design Problem,"
Journal of Regulatory Economics, Springer, vol. 17(3), pages 205-228, May.
- Bykowsky, Mark M. & Cull, Robert J. & Ledyard, John O., 1998. "Mutually Destructive Bidding: The FCC Auction Design Problem," Working Papers 916, California Institute of Technology, Division of the Humanities and Social Sciences.
- Rodney J. Garratt & Thomas Trˆger & Charles Z. Zheng, 2009.
"Collusion via Resale,"
Econometrica, Econometric Society, vol. 77(4), pages 1095-1136, July.
- Garratt, Rod & Troger, Thomas & Zheng, Charles Zhoucheng, 2007. "Collusion Via Resale," Staff General Research Papers Archive 12829, Iowa State University, Department of Economics.
- Garratt, Rodney, 2008. "Collusion via Resale," Bonn Econ Discussion Papers 20/2008, University of Bonn, Bonn Graduate School of Economics (BGSE).
- Sandro Brusco & Giuseppe Lopomo, 2004. "Collusion via Signalling in Simultaneous Ascending Bid Auctions with Heterogeneous Objects, with and without Complementarities," Levine's Bibliography 122247000000000385, UCLA Department of Economics.
- Ausubel Lawrence M & Milgrom Paul R, 2002.
"Ascending Auctions with Package Bidding,"
The B.E. Journal of Theoretical Economics, De Gruyter, vol. 1(1), pages 1-44, August.
- Lawrence M. Ausubel & Paul Milgrom, 2002. "Ascending Auctions with Package Bidding," Working Papers 02004, Stanford University, Department of Economics.
- Gul, Faruk & Stacchetti, Ennio, 2000. "The English Auction with Differentiated Commodities," Journal of Economic Theory, Elsevier, vol. 92(1), pages 66-95, May.
- Gul, Faruk & Stacchetti, Ennio, 1999. "Walrasian Equilibrium with Gross Substitutes," Journal of Economic Theory, Elsevier, vol. 87(1), pages 95-124, July.
- Sandro Brusco & Giuseppe Lopomo, 2004. "Simultaneous Ascending Bid Auctions with Privately Known Budget Constraints," Levine's Bibliography 122247000000000373, UCLA Department of Economics.
- Alan Gunderson & Ruqu Wang, 1998. "Signally By Jump Bidding In Private Value Auctions," Working Paper 975, Economics Department, Queen's University.
- Christopher Avery, 1998. "Strategic Jump Bidding in English Auctions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 65(2), pages 185-210.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Sandro Brusco & Giuseppe Lopomo, 2009.
"Simultaneous ascending auctions with complementarities and known budget constraints,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 38(1), pages 105-124, January.
- Sandro Brusco & Giuseppe Lopomo, 2005. "Simultaneous Ascending Auctions with Complementarities and Known Budget Constraints," Department of Economics Working Papers 05-13, Stony Brook University, Department of Economics.
- Goeree, Jacob K. & Lien, Yuanchuan, 2014.
"An equilibrium analysis of the simultaneous ascending auction,"
Journal of Economic Theory, Elsevier, vol. 153(C), pages 506-533.
- Jacob K. Goeree & Yuanchuan Lien, 2009. "An equilibrium analysis of the simultaneous ascending auction," IEW - Working Papers 428, Institute for Empirical Research in Economics - University of Zurich.
- Jeremy Bulow & Jonathan Levin & Paul Milgrom, 2009.
"Winning Play in Spectrum Auctions,"
Discussion Papers
08-023, Stanford Institute for Economic Policy Research.
- Jeremy Bulow & Jonathan Levin & Paul Milgrom, 2009. "Winning Play in Spectrum Auctions," NBER Working Papers 14765, National Bureau of Economic Research, Inc.
- Sandro Brusco & Giuseppe Lopomo, 2008. "Budget Constraints And Demand Reduction In Simultaneous Ascending‐Bid Auctions," Journal of Industrial Economics, Wiley Blackwell, vol. 56(1), pages 113-142, March.
- Lim, Wooyoung & Xiong, Siyang, 2021. "Does jump bidding increase sellers’ revenue? Theory and experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 189(C), pages 84-110.
- Lavi, Ron & Oren, Sigal, 2012. "Side-communication yields efficiency of ascending auctions: The two-items case," Games and Economic Behavior, Elsevier, vol. 76(2), pages 439-456.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Brusco, Sandro & Lopomo, Giuseppe & Marx, Leslie M., 2009.
"The [`]Google effect' in the FCC's 700Â MHz auction,"
Information Economics and Policy, Elsevier, vol. 21(2), pages 101-114, June.
- Sandro Brusco & Giuseppe Lopomo & Leslie M. Marx, 2008. "The `Google Effect' in the FCC's 700 MHz Auction," Department of Economics Working Papers 08-03, Stony Brook University, Department of Economics.
- Goeree, Jacob K. & Lien, Yuanchuan, 2014.
"An equilibrium analysis of the simultaneous ascending auction,"
Journal of Economic Theory, Elsevier, vol. 153(C), pages 506-533.
- Jacob K. Goeree & Yuanchuan Lien, 2009. "An equilibrium analysis of the simultaneous ascending auction," IEW - Working Papers 428, Institute for Empirical Research in Economics - University of Zurich.
- Sandro Brusco & Giuseppe Lopomo, 2009.
"Simultaneous ascending auctions with complementarities and known budget constraints,"
Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 38(1), pages 105-124, January.
- Sandro Brusco & Giuseppe Lopomo, 2005. "Simultaneous Ascending Auctions with Complementarities and Known Budget Constraints," Department of Economics Working Papers 05-13, Stony Brook University, Department of Economics.
- Meng, Xin & Gunay, Hikmet, 2017.
"Exposure problem in multi-unit auctions,"
International Journal of Industrial Organization, Elsevier, vol. 52(C), pages 165-187.
- Hikmet Gunay & Xin Meng, 2012. "Exposure Problem in Multi-unit Auctions," ISER Discussion Paper 0848, Institute of Social and Economic Research, Osaka University.
- MENG, Xin & GUNAY, Hikmet, 2017. "Exposure Problem in Multi-Unit Auctions," Discussion paper series HIAS-E-43, Hitotsubashi Institute for Advanced Study, Hitotsubashi University.
- Chernomaz, Kirill & Levin, Dan, 2012. "Efficiency and synergy in a multi-unit auction with and without package bidding: An experimental study," Games and Economic Behavior, Elsevier, vol. 76(2), pages 611-635.
- Gentry, Matthew & Komarova, Tatiana & Schiraldi, Pasquale & Shin, Wiroy, 2019.
"On monotone strategy equilibria in simultaneous auctions for complementary goods,"
Journal of Mathematical Economics, Elsevier, vol. 85(C), pages 109-128.
- Schiraldi, Pasquale & Komarova, Tatiana & Gentry, Matthew & Shin, Wiroy, 2017. "On Monotone Strategy Equilibria in Simultaneous Auctions for Complementary Goods," CEPR Discussion Papers 12483, C.E.P.R. Discussion Papers.
- Jeremy Bulow & Jonathan Levin & Paul Milgrom, 2009.
"Winning Play in Spectrum Auctions,"
NBER Working Papers
14765, National Bureau of Economic Research, Inc.
- Jeremy Bulow & Jonathan Levin & Paul Milgrom, 2009. "Winning Play in Spectrum Auctions," Discussion Papers 08-023, Stanford Institute for Economic Policy Research.
- Lawrence M. Ausubel, 2006. "An Efficient Dynamic Auction for Heterogeneous Commodities," American Economic Review, American Economic Association, vol. 96(3), pages 602-629, June.
- Paul Milgrom, 2009.
"Assignment Messages and Exchanges,"
American Economic Journal: Microeconomics, American Economic Association, vol. 1(2), pages 95-113, August.
- Paul Milgrom, 2008. "Assignment Messages and Exchanges," Discussion Papers 08-014, Stanford Institute for Economic Policy Research.
- Satoru Fujishige & Zaifu Yang, 2020. "A Universal Dynamic Auction for Unimodular Demand Types: An Efficient Auction Design for Various Kinds of Indivisible Commodities," Discussion Papers 20/08, Department of Economics, University of York.
- Patrick Bajari & Jungwon Yeo, 2008. "Auction Design and Tacit Collusion in FCC Spectrum Auctions," NBER Working Papers 14441, National Bureau of Economic Research, Inc.
- John William Hatfield & Paul R. Milgrom, 2005.
"Matching with Contracts,"
American Economic Review, American Economic Association, vol. 95(4), pages 913-935, September.
- Paul Milgrom, 2003. "Matching with Contracts," Working Papers 03003, Stanford University, Department of Economics.
- , K. & ,, 2016.
"On the impossibility of core-selecting auctions,"
Theoretical Economics, Econometric Society, vol. 11(1), January.
- Jacob K. Goeree & Yuanchuan Lien, 2009. "On the impossibility of core-selecting auctions," IEW - Working Papers 452, Institute for Empirical Research in Economics - University of Zurich.
- Blumrosen, Liad & Nisan, Noam, 2010. "Informational limitations of ascending combinatorial auctions," Journal of Economic Theory, Elsevier, vol. 145(3), pages 1203-1223, May.
- LOVO, Stefano & ALBANO, Gian Luigi & GERMANO, Fabrizio, 2002.
"On some collusive and signaling equilibria in ascending auctions for multiple objects,"
HEC Research Papers Series
765, HEC Paris.
- Stefano Lovo & Gian Luigi Albano & Fabrizio Germano, 2002. "On Some Collusive and Signaling Equilibria in Ascending Auctions for Multiple Objects," Working Papers hal-00593867, HAL.
- Paul Milgrom & Bruno Strulovici, 2006. "Substitutes Valuations with Divisible Goods," Levine's Bibliography 321307000000000126, UCLA Department of Economics.
- Peter Cramton, 2004. "Simultaneous Ascending Auction," Papers of Peter Cramton 04mit4, University of Maryland, Department of Economics - Peter Cramton, revised 2004.
- Lavi, Ron & Oren, Sigal, 2012. "Side-communication yields efficiency of ascending auctions: The two-items case," Games and Economic Behavior, Elsevier, vol. 76(2), pages 439-456.
- Satoru Fujishige & Zaifu Yang, 2017. "On a spontaneous decentralized market process," The Journal of Mechanism and Institution Design, Society for the Promotion of Mechanism and Institution Design, University of York, vol. 2(1), pages 1-37, December.
- Lamprirni Zarpala & Dimitris Voliotis, 2022. "A core-selecting auction for portfolio's packages," Papers 2206.11516, arXiv.org, revised Feb 2024.
More about this item
Keywords
Auction; Multiple object auctions; Simultaneous auctions; Synergy; Complementarity; Exposure problem; Threshold problem;All these keywords.
JEL classification:
- D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
- D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:gamebe:v:76:y:2012:i:2:p:648-664. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/inca/622836 .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.