The Vickrey-Clarke-Groves Versus the Simultaneous Ascending Auction: An Experimental Approach
A1.133 WP 188
21 Pages Posted: 24 Feb 1998
Date Written: 1997
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.
JEL Classification: D44; L50
Suggested Citation: Suggested Citation