Author(s)
Peter Eso
Eric Maskin
We show that when multiple goods are sold, an extension of the Groves-Clarke mechansim (allowing the buyers to make their bids contingent on other buyers' valuations) is incentive-efficient in a class of cases when buyers have multi-dimensional types and there are common values.
Date Published:
2000
Citations:
Eso, Peter, Eric Maskin. 2000. Multi-Good Efficient Auctions with Multi-Dimensional Information.