Scandinavian Working Papers in Economics

Working Papers,
Lund University, Department of Economics

No 2011:31: The Multi-item Bisection Auction

Albin Erlanson ()
Additional contact information
Albin Erlanson: Department of Economics, Lund University, Postal: Department of Economics, School of Economics and Management, Lund University, Box 7082, S-220 07 Lund, Sweden

Abstract: This paper proposes an iterative sealed-bid auction for selling multiple heterogeneous items with unit-demand agents. It generalizes the single item bisection auction (Grigorieva Et. al, 2007) to the environment with multiple heterogeneous items. We show that it elicits a minimal amount of information on preferences required to find the Vickrey-Clark-Groves outcome (Clarke, 1971, Groves, 1973, Vickrey, 1961), when there are two items for sale and an arbitrary number of agents.

Keywords: Bisection Auction; Multi-item; Unit-demand; Sealed-bid

JEL-codes: C72; D44

22 pages, October 7, 2011

Full text files 

WP11_31.pdf PDF-file

Download statistics

Published as
Albin Erlanson, (2014), 'The Dou-Item Bisection Auction', Computational Economics, vol 43, no 1, pages 15-31

Questions (including download problems) about the papers in this series should be directed to Iker Arregui Alegria ()
Report other problems with accessing this service to Sune Karlsson ().

RePEc:hhs:lunewp:2011_031This page generated on 2024-09-13 22:16:10.