Simultaneous Ascending Auctions

  title={Simultaneous Ascending Auctions},
  author={Peter Cramton},
The simultaneous ascending auction has proved to be a successful method of auctioning many related items. Simultaneous sale and ascending bids promote price discovery, which helps bidders build desirable packages of items. Although package bids are not allowed, the auction format does handle mild complementarities well. I examine the auction design and its performance in practice. 
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