Characterization of Bidding Behavior in Multi-Unit

This paper provides first order conditions for a very general class of single or multi-unit auctions. Under mild conditions we characterize bidding-behavior and generalize previous standard results in the literature. As an application we obtain sufficient conditions for truth-telling, monotonic best reply strategies and identification results for multi-unit auctions.

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Year of publication:	2007-11-09
Authors:	Castro, Luciano I. De ; Riascos, Alvaro
Institutions:	UNIVERSIDAD DE LOS ANDES-CEDE
Subject:	Multi-unit auctions \| first order conditions \| truth-telling \| identification \| monotonic bestreply

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Series:	DOCUMENTOS CEDE.
Type of publication:	Book / Working Paper
Language:	English
Notes:	3 pages long
Classification:	C62 - Existence and Stability Conditions of Equilibrium ; C72 - Noncooperative Games ; D44 - Auctions ; D82 - Asymmetric and Private Information
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005082474