2005•Economic TheoryOpen access

The private value single item bisection auction

Elena Grigorieva, P. Jean‐Jacques Herings, Rudolf Müller, Dries Vermeulen

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Key concepts: Vickrey auction, Generalized second-price auction, Vickrey–Clarke–Groves auction, Revenue equivalence, Auction theory, English auction, Proxy bid, Microeconomics

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