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

F Akaichi; RM Nayga Jr.; JM Gil

doi:10.1016/j.econlet.2014.07.006

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

F Akaichi, RM Nayga Jr., JM Gil

Rural Development & Food Marketing

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3 Citations (Scopus)

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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 language	English
Pages (from-to)	443 - 445
Number of pages	3
Journal	Economics Letters
Volume	124
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2014.07.006
Publication status	Print publication - 12 Jul 2014

Keywords

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

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10.1016/j.econlet.2014.07.006

14863544.pdfAccepted author manuscript, 28.8 KBLicence: CC BY-NC-ND

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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. {\textcopyright} 2014 Elsevier B.V. All rights reserved.",

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AB - 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.

KW - Bidder's number

KW - Demand reduction

KW - Multi-unit auctions

KW - Units' number

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DO - 10.1016/j.econlet.2014.07.006

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JO - Economics Letters

JF - Economics Letters

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ER -

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

Abstract

Keywords

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