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.
- Bidder's number
- Demand reduction
- Multi-unit auctions
- Units' number
Akaichi, F., Nayga Jr., RM., & Gil, JM. (2014). Demand reduction in multi-unit auctions with varying number of bidders and units. Economics Letters, 124(3), 443 - 445. https://doi.org/10.1016/j.econlet.2014.07.006