查看文章

Both the Vickrey auction and minimum-revenue core-selecting auctions suffer from problems of revenue monotonicity: adding bidders or increasing bids can decrease the seller’s revenue. This paper gives necessary and sufficient conditions for monotonicity in these mechanisms and then proposes multiple monotonic core-selecting auctions. One such class of auctions, called “maximin-revenue” auctions, is shown to provide optimal bidder incentives within the class of all monotonic, core-selecting mechanisms.