Product-Mix Auctions

33 Pages Posted: 16 Apr 2019 Last revised: 23 Apr 2019

See all articles by Paul Klemperer

Paul Klemperer

University of Oxford - Department of Economics; Centre for Economic Policy Research (CEPR)

Multiple version iconThere are 2 versions of this paper

Date Written: April 2019

Abstract

This paper adds new material, including about implementations of the product-mix auction and more detail about the bidding languages, to Klemperer (2008) [see next page for details]. Software (pro bono) to run several versions of product-mix auctions is now available at http://pma.nuff.ox.ac.uk.

Keywords: Auction, Bank of England, bidding language, geometric bidding language, Multi-object auction, multi-product auction, product mix auction, product-mix auction, Simultaneous ascending auction, simultaneous multiple round auction

JEL Classification: D44, E58

Suggested Citation

Klemperer, Paul, Product-Mix Auctions (April 2019). CEPR Discussion Paper No. DP13667. Available at SSRN: https://ssrn.com/abstract=3372866

Paul Klemperer (Contact Author)

University of Oxford - Department of Economics ( email )

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Centre for Economic Policy Research (CEPR) ( email )

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