Abstract
This paper studies equilibria of the n-bidder single-object English, or open ascending price, auction in a setting with interdependent values and asymmetric bidders. Maskin (1992) showed that if the values satisfy a condition, then the two-bidder English auction has an efficient equilibrium. In this paper two extensions of the single crossing condition, the average condition and cyclical condition, are introduced. The main result is that under either of these conditions the n-bidder English auction has an efficient equilibrium.
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