Academic Papers

A New Auction for Substitutes: Central Bank Liquidity Auctions, the U.S. TARP, and Variable Product-Mix Auctions
Paul Klemperer
Working Paper, Nuffield College, 2008 Link
The Product-Mix Auction: A New Auction Design For Differentiated Goods
Paul Klemperer
Journal of the European Economic Association, 2010 Link
Product-Mix Auctions
Paul Klemperer
Nuffield College Working Paper 2018-W07, 2018 Link
Notes on Linear Programming to Solve the Product-Mix Auction
Elizabeth Baldwin and Paul Klemperer
Technical Note, 2019 PDF
Strategic Bidding in Product-Mix, Sequential, and Simultaneous Auctions
Simon Finster
Nuffield College Working Paper 2020 - W03, 2020 Link
An Auction-Based Sovereign Debt Restructuring Mechanism
Tim Willems
Working Paper, 2021 Link
Strong Substitutes: Structural Properties, and a New Algorithm for Competitive Equilibrium Prices
Elizabeth Baldwin, Martin Bichler, Maximilian Fichtl, and Paul Klemperer
Mathematical Programming, 2022 Link
Learning Strong Substitutes Demand via Queries
Paul W Goldberg, Edwin Lock and Francisco Marmolejo-Cossío
ACM Transactions on Economics and Computation (TEAC), 2022 Link
Computing Candidate Prices in Budget-Constrained Product-Mix Auctions
Maximilian Fichtl
ArXiv Preprint, 2022 Link
Solving Strong-Substitutes Product-Mix Auctions
Elizabeth Baldwin, Paul W Goldberg, Paul Klemperer and Edwin Lock
Mathematics of Operations Research, 2023 Link
An Evaluation of the Bank of England’s ILTR Operations: Comparing the Product‑Mix Auction to Alternatives
Julia Giese and Charlotte Grace
Bank of England Staff Working Paper No. 1,044, 2023 Link
Implementing Walrasian Equilibrium: the Languages of Product-mix Auctions
Elizabeth Baldwin, Paul Klemperer, Edwin Lock
SSRN Preprint, 2024 Link
Competing Models of the Bank of England’s Liquidity Auctions: Truthful Bidding is a Good Approximation
Charlotte Grace
Bank of England Staff Working Paper No. 1,061, 2024 Link
Who Gains from Efficient Auctions?
Charlotte Grace
Nuffield College Working Paper 2024-W01, 2024 Link
Competitive and Revenue-Optimal Pricing with Budgets
Simon Finster, Paul Goldberg, and Edwin Lock
Theoretical Economics, 2025 arXiv