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

Authors :
Universitat Politècnica de Catalunya. Departament d'Enginyeria Agroalimentària i Biotecnologia
Faiçal, Akaichi
Nayga, Rodolfo M.
Gil Roig, José María
Universitat Politècnica de Catalunya. Departament d'Enginyeria Agroalimentària i Biotecnologia
Faiçal, Akaichi
Nayga, Rodolfo M.
Gil Roig, José María
Publication Year :
2014

Abstract

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. (C) 2014 Elsevier B.V. All rights reserved.<br />Postprint (published version)

Details

Database :
OAIster
Notes :
3 p., application/pdf, English
Publication Type :
Electronic Resource
Accession number :
edsoai.on1132976974
Document Type :
Electronic Resource