The Vickrey-Clarke-Groves versus the Simultaneous Ascending Auction: An Experimental Approach
Preprint
- 1 January 1998
- preprint
- Published by Elsevier in SSRN Electronic Journal
Abstract
In private values settings, the Vickrey-Clarke-Groves (VCG) mechanism leads to efficient auction outcomes, while the theoretical properties of the Simultaneous Ascending (SA) auction are not well understook. This leads us to compare the properties of an SA and a VCG auction in an experimental setting with multiple objects having complementarities.Keywords
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