Auctioning Many Divisible Goods

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Date
2004Author
Ausubel, Lawrence M.
Cramton, Peter
Citation
"Auctioning Many Divisible Goods," (with Lawrence M. Ausubel) Journal of the European Economic Association, 2, 480-493, April-May 2004.
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We study the theory and practical implementation of auctioning many divisible goods. With
multiple related goods, price discovery is important not only to reduce the winner’s curse, but
more importantly, to simplify the bidder’s decision problem and to facilitate the revelation of
preferences in the bids. Simultaneous clock auctions are especially desirable formats for
auctioning many divisible goods. We examine the properties of these auctions and discuss
important practical considerations in applying them.