Auctions with synergies and asymetric buyers

Menezes, Flavio; Monteiro, Paulo K

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Auctions with synergies and asymetric buyers

Date

2004

Authors

Menezes, Flavio

Monteiro, Paulo K

Publisher

Elsevier

Abstract

In this paper we consider sequential auctions with synergies where one player wants two objects and the remaining players want one object each. We show that expected prices may not necessarily decrease as predicted by Branco [Econ. Lett. 54 (1997) 159]. Indeed we show that expected prices can actually increase.