|
| |
| Philippe Jehiel and Benny Moldovanu |
| |
| ''A note of revenue maximization and efficiency in multi-object auctions'' |
| ( 2001, Vol. 3 No.2 ) |
| |
| |
| Combining the result of Palfrey (1983) about the role of bundling and the revenue equivalence theorem, this note shows that there is a conflict between revenue maximization and efficiency in multi-object auctions even with symmetric bidders. |
| |
| |
| Keywords: efficiency |
|
| |
| Manuscript Received : Apr 30 2001 | | Manuscript Accepted : Apr 30 2001 |
|