Dechenaux, Emmanuel; Kovenock, Dan - Institutet för Näringslivsforskning (IFN) - 2005
which the monopoly outcome with equal sharing is sustainable in the uniform price auction, but not in the corresponding … discriminatory auction. Moreover, capacity withholding may be necessary to sustain this outcome. We extend these results to the case … Market Clearing Price rule, only one step is required. That is, within the class of step bidding functions with a finite …