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

F Akaichi, RM Nayga Jr., JM Gil

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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. © 2014 Elsevier B.V. All rights reserved.
Original languageEnglish
Pages (from-to)443 - 445
Number of pages3
JournalEconomics Letters
Volume124
Issue number3
DOIs
Publication statusPrint publication - 12 Jul 2014

Keywords

  • Bidder's number
  • Demand reduction
  • Multi-unit auctions
  • Units' number

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