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Efficiency in auctions with crossholdings

Ettinger, David (2003), Efficiency in auctions with crossholdings, Economics Letters, 80, 1, p. 1-7. http://dx.doi.org/10.1016/S0165-1765(03)00024-7

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Type
Article accepté pour publication ou publié
Date
2003
Journal name
Economics Letters
Volume
80
Number
1
Publisher
Elsevier
Pages
1-7
Publication identifier
http://dx.doi.org/10.1016/S0165-1765(03)00024-7
Metadata
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Author(s)
Ettinger, David
Abstract (EN)
We study the impact of crossholdings on the efficiency of the standard auction formats. The ascending auction is not equivalent to the second-price auction. In a class of examples, the ascending auction is the only efficient standard auction format.
Subjects / Keywords
Auctions; Crossholdings; Efficiency
JEL
D44 - Auctions

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