Demand reduction in multi-unit auctions with varying number of bidders and units

We examine the effect of varying the number of bidders and units on bid values in multi-unit auctions. Our results suggest that the uniform-price auction is sensitive to demand reduction, however, increasing the number of bidders or/and units can significantly decrease it.

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Year of publication:	2014
Authors:	Akaichi, Faical ; Nayga, Rodolfo M. ; Gil, José M.
Published in:	Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 124.2014, 3, p. 443-445
Publisher:	Elsevier
Subject:	Multi-unit auctions \| Demand reduction \| Bidders’ number \| Units’ number

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Type of publication:	Article
Classification:	B41 - Economic Methodology ; C91 - Laboratory, Individual Behavior
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010930741