NDLI: Core-selecting package auctions

Content Provider	Springer Nature Link
Author	Day, Robert Milgrom, Paul
Copyright Year	2007
Abstract	Auctions that select core allocations with respect to reported values generate competitive levels of sales revenues at equilibrium and limit bidder incentives to use shills. Among core-selecting auctions, the ones that minimize seller revenues also maximize incentives for truthful reporting, produce the Vickrey outcome when that lies in the core and, in contrast to the Vickrey auction, and create no incentive for a seller to exclude qualified bidders. Core-selecting auctions are related to and share properties with stable matching mechanisms.
Starting Page	393
Ending Page	407
Page Count	15
File Format	PDF
ISSN	00207276
Journal	International Journal of Game Theory
Volume Number	36
Issue Number	3-4
e-ISSN	14321270
Language	English
Publisher	Springer-Verlag
Publisher Date	2007-07-06
Publisher Place	Berlin, Heidelberg
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Core Stable matching Marriage problem Auctions Core-selecting auctions Menu auctions Proxy auctions Package bidding Combinatorial bidding Incentives Truncation strategies Organization/Planning Operations Research/Decision Theory Game Theory, Economics, Social and Behav. Sciences Economic Theory
Content Type	Text
Resource Type	Article
Subject	Statistics and Probability Social Sciences Economics and Econometrics Statistics, Probability and Uncertainty

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
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4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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Core-selecting package auctions