DP13667 Product-Mix Auctions

Author(s): Paul Klemperer
Publication Date: April 2019
Date Revised: April 2019
Keyword(s): Auction, Bank of England, bidding language, geometric bidding language, Multi-object auction, multi-product auction, product mix auction, product-mix auction, Simultaneous ascending auction, simultaneous multiple round auction
JEL(s): D44, E58
Programme Areas: Industrial Organization
Link to this Page: cepr.org/active/publications/discussion_papers/dp.php?dpno=13667

This paper adds new material, including about implementations of the product-mix auction and more detail about the bidding languages, to Klemperer (2008) [see next page for details]. Software (pro bono) to run several versions of product-mix auctions is now available at http://pma.nuff.ox.ac.uk.