- document
-
Hindriks, K.V. (author), Tykhonov, D. (author), De Weerdt, M.M. (author)A result of Bulow and Klemperer has suggested that auctions may be a better tool to obtain an efficient outcome than negotiation. For example, some auction mechanisms can be shown to be efficient and strategy-proof. However, they generally also require that additional constraints are met which are not always easy to guarantee in practice. It...book chapter 2010
- document
-
Hindriks, K.V. (author), Tykhonov, D. (author), De Weerdt, M.M. (author)When there is one buyer interested in obtaining a service from one of a set of sellers, multi-attribute or multi-issue auctions can ensure an allocation that is efficient. Even when there is no transferable utility (e.g., money), a recent qualitative version of the Vickrey auction may be used, the QVA, to obtain a Pareto-efficient outcome where...journal article 2010