Allocation Mechanisms and the Design of Auctions, Econometrica
Recent advances in optimal mechanism design are used to show that a certain type of auction, similar to the "open English auction," is an optimal mechanism in a certain class of environments.
Milton Harris, Artur Raviv
Harris, Milton, and Artur Raviv. 1981. Allocation Mechanisms and the Design of Auctions. Econometrica. 49(6): 1477-1499.