Asymmetric reduced form Auctions

This paper provides a tractable characterization of feasibility of asymmetric reduced form auctions. Using this, auction design problems can be stated in terms of the reduced form only. This allows to solve optimal auction problems when classical solution techniques fail.

Research Highlights► Tractable characterization of asymmetric reduced form auctions. ► Allows to solve auction problems where classical approach fails. ► Generalizes Border's (Ecta, 1991) characterization for the symmetric case.