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Allocation Mechanisms and the Design of Auctions

Milton Harris and Artur Raviv
Econometrica
Vol. 49, No. 6 (Nov., 1981), pp. 1477-1499
Published by: The Econometric Society
DOI: 10.2307/1911413
Stable URL: http://www.jstor.org/stable/1911413
Page Count: 23
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Since scans are not currently available to screen readers, please contact JSTOR User Support for access. We'll provide a PDF copy for your screen reader.
Allocation Mechanisms and the Design of Auctions
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Abstract

Recent advances in optimal mechanism design are used to show that a certain type of auction, similar to the "open English auction," is an optimal mechanism in a certain class of environments.

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