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An optimal auction for capacity constrained bidders: a network perspective

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  • Alexey Malakhov
  • Rakesh Vohra

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  • Alexey Malakhov & Rakesh Vohra, 2009. "An optimal auction for capacity constrained bidders: a network perspective," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(1), pages 113-128, April.
    • Handle: RePEc:spr:joecth:v:39:y:2009:i:1:p:113-128
    DOI: 10.1007/s00199-007-0312-x
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    References listed on IDEAS

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    1. Dewatripont,Mathias & Hansen,Lars Peter & Turnovsky,Stephen J. (ed.), 2003. "Advances in Economics and Econometrics," Cambridge Books, Cambridge University Press, number 9780521818728, January.
    2. Mathias Dewatripont & Lars Peter Hansen & Stephen Turnovsky, 2003. "Advances in Economics and Econometrics: Theory and Applications, Eighth World Congress," ULB Institutional Repository 2013/176002, ULB -- Universite Libre de Bruxelles.
    3. Mark Armstrong, 2000. "Optimal Multi-Object Auctions," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(3), pages 455-481.
    4. Dewatripont,Mathias & Hansen,Lars Peter & Turnovsky,Stephen J. (ed.), 2003. "Advances in Economics and Econometrics," Cambridge Books, Cambridge University Press, number 9780521524131, January.
    5. Manelli, Alejandro M. & Vincent, Daniel R., 2007. "Multidimensional mechanism design: Revenue maximization and the multiple-good monopoly," Journal of Economic Theory, Elsevier, vol. 137(1), pages 153-185, November.
    6. Alexey Malakhov & Rakesh V. Vohra, 2004. "Single and Multi-Dimensional Optimal Auctions - A Network Approach," Discussion Papers 1397, Northwestern University, Center for Mathematical Studies in Economics and Management Science.
    7. Dewatripont,Mathias & Hansen,Lars Peter & Turnovsky,Stephen J. (ed.), 2003. "Advances in Economics and Econometrics," Cambridge Books, Cambridge University Press, number 9780521818742, January.
    8. Dewatripont,Mathias & Hansen,Lars Peter & Turnovsky,Stephen J. (ed.), 2003. "Advances in Economics and Econometrics," Cambridge Books, Cambridge University Press, number 9780521524117, January.
    9. Armstrong, Mark, 1996. "Multiproduct Nonlinear Pricing," Econometrica, Econometric Society, vol. 64(1), pages 51-75, January.
    10. Lawrence M. Ausubel, 2004. "An Efficient Ascending-Bid Auction for Multiple Objects," American Economic Review, American Economic Association, vol. 94(5), pages 1452-1475, December.
    11. Christopher Avery & Terrence Hendershott, 2000. "Bundling and Optimal Auctions of Multiple Products," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 67(3), pages 483-497.
    12. Dana Jr. James D., 1993. "The Organization and Scope of Agents: Regulating Multiproduct Industries," Journal of Economic Theory, Elsevier, vol. 59(2), pages 288-310, April.
    13. Dewatripont,Mathias & Hansen,Lars Peter & Turnovsky,Stephen J. (ed.), 2003. "Advances in Economics and Econometrics," Cambridge Books, Cambridge University Press, number 9780521818735, January.
    14. Dewatripont,Mathias & Hansen,Lars Peter & Turnovsky,Stephen J. (ed.), 2003. "Advances in Economics and Econometrics," Cambridge Books, Cambridge University Press, number 9780521524124, January.
    15. Roger B. Myerson, 1981. "Optimal Auction Design," Mathematics of Operations Research, INFORMS, vol. 6(1), pages 58-73, February.
    16. Mathias Dewatripont & Lars Peter Hansen & Stephen Turnovsky, 2003. "Advances in economics and econometrics :theory and applications," ULB Institutional Repository 2013/9557, ULB -- Universite Libre de Bruxelles.
    17. Armstrong, Mark & Rochet, Jean-Charles, 1999. "Multi-dimensional screening:: A user's guide," European Economic Review, Elsevier, vol. 43(4-6), pages 959-979, April.
    18. Wilson, Robert, 1997. "Nonlinear Pricing," OUP Catalogue, Oxford University Press, number 9780195115826.
    19. Rochet, Jean-Charles, 1987. "A necessary and sufficient condition for rationalizability in a quasi-linear context," Journal of Mathematical Economics, Elsevier, vol. 16(2), pages 191-200, April.
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    Citations

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    Cited by:

    1. John Asker & Estelle Cantillon, 2010. "Procurement when price and quality matter," RAND Journal of Economics, RAND Corporation, vol. 41(1), pages 1-34, March.
    2. Bikhchandani, Sushil & Mishra, Debasis, 2022. "Selling two identical objects," Journal of Economic Theory, Elsevier, vol. 200(C).
    3. Maria-Florina Balcan & Siddharth Prasad & Tuomas Sandholm, 2023. "Bicriteria Multidimensional Mechanism Design with Side Information," Papers 2302.14234, arXiv.org, revised Oct 2024.
    4. Jiangtao Li & Piotr Dworczak, 2020. "Are simple mechanisms optimal when agents are unsophisticated?," GRAPE Working Papers 42, GRAPE Group for Research in Applied Economics.
    5. Jung, Jihyeok & Song, Chan-Oi & Lee, Deok-Joo & Yoon, Kiho, 2024. "Optimal energy procurement with long-term photovoltaic energy contracts considering generation uncertainty: A two-dimensional auction approach," Applied Energy, Elsevier, vol. 356(C).
    6. Chen, Yi-Chun & Li, Jiangtao, 2018. "Revisiting the foundations of dominant-strategy mechanisms," Journal of Economic Theory, Elsevier, vol. 178(C), pages 294-317.
    7. Sumit Joshi & Poorvi Vora, 2013. "Weak and strong multimarket bidding rings," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 53(3), pages 657-696, August.
    8. Devanur, Nikhil R. & Haghpanah, Nima & Psomas, Alexandros, 2020. "Optimal multi-unit mechanisms with private demands," Games and Economic Behavior, Elsevier, vol. 121(C), pages 482-505.

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    More about this item

    Keywords

    Auctions; Networks; Linear programming; C61; C70; D44;
    All these keywords.

    JEL classification:

    • C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
    • C70 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - General
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions

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