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 language | English |
|---|---|
| Journal | Economics Bulletin |
| Volume | 3 |
| Issue number | 1 |
| State | Published - 2001 |
| Externally published | Yes |