Simple, Optimal and Efficient Auctions

Abstract

We study the extent to which simple auctions can simultaneously achieve good revenue and efficiency guarantees in single-item settings. Motivated by the optimality of the second price auction with monopoly reserves when the bidders’ values are drawn i.i.d. from regular distributions [12], and its approximate optimality when they are drawn from independent… (More)
DOI: 10.1007/978-3-642-25510-6_10

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