Reduced Form Auctions Revisited |
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| Authors: | Kim C. Border |
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| Affiliation: | (1) Division of the Humanities and Social Sciences, MC 228–77, California Institute of Technology, 1200 E. California Blvd., Pasadena, CA 91125, USA |
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| Abstract: | This note uses the Theorem of the Alternative to prove new results on the implementability of general, asymmetric auctions, and to provide simpler proofs of known results for symmetric auctions. The tradeoff is that type spaces are taken to be finite. |
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| Keywords: | Asymmetric auction Reduced form auction Theorem of the alternative |
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