Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/86821
Authors: 
Janssen, Maarten C.W.
Karamychev, Vladimir A.
Maasland, Emiel
Year of Publication: 
2008
Series/Report no.: 
Tinbergen Institute Discussion Paper 08-034/1
Abstract: 
A simultaneous pooled auction with multiple bids and preference lists is a way to auction multiple objects, in which bidders simultaneously express a bid for each object and a preference ordering over which object they would like to get in case they have the highest bid on more than one object. This type of auction has been used in the Netherlands and in Ireland to auction available spectrum. We show that this type of auction does not satisfy elementary desirable properties such as the existence of an efficient equilibrium.
Subjects: 
Simultaneous pooled auctions
Multi-object sealed-bid auctions
Multiple bids
Single-object demand
Preference lists
JEL: 
C72
D44
Document Type: 
Working Paper

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