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 language | English |
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Pages (from-to) | 443 - 445 |
Number of pages | 3 |
Journal | Economics Letters |
Volume | 124 |
Issue number | 3 |
DOIs | |
Publication status | Print publication - 12 Jul 2014 |
Keywords
- Bidder's number
- Demand reduction
- Multi-unit auctions
- Units' number