Authors
Jeffrey K MacKie-Mason, Hal R Varian
Publication date
1994
Description
We describe a generalization of the Vickrey auction. Our mechanism extends the auction to implement efficient allocations for problems with more than one good, multiple units for the goods, and externalities. The primary restriction on preferences is that they must be quasilinear.
Total citations
Scholar articles
JK MacKie-Mason, HR Varian - 1994
HR Varian, JK MacKie-Mason - Available at SSRN 975873, 1994