Demand reduction in multi-unit auctions with varying number of bidders and units
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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.
CitationFaiçal, A.; Nayga, R.; Gil, J.M. Demand reduction in multi-unit auctions with varying number of bidders and units. "Economics letters", 01 Setembre 2014, vol. 124, núm. 3, p. 443-445.