Maximizing profits: New auction strategies revolutionize selling multiple objects!
The article discusses how to sell multiple related objects, whether they are the same or similar. Sellers can choose to sell items separately or together in one auction, using different auction formats like discriminatory, uniform-price, or Vickrey auctions. These auctions are useful when the value of each item decreases as more are obtained. The discriminatory auction is like a multiunit version of the first price sealed-bid auction.