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| Philippe Jehiel and Benny Moldovanu |
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| ''A note of revenue maximization and efficiency in multi-object auctions'' |
| ( 2001, Vol. 3 No.2 ) |
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| 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. |
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| Keywords: efficiency |
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| Manuscript Received : Apr 30 2001 | | Manuscript Accepted : Apr 30 2001 |
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