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

Philippe Jehiel, Benny Moldovanu

Research output: Contribution to journalArticlepeer-review

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.

Original languageEnglish
JournalEconomics Bulletin
Volume3
Issue number1
StatePublished - 2001
Externally publishedYes

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