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

Faical Akaichi, Rodolfo M. Nayga, Jr, José M. Gil

Research output: Contribution to journalArticle

3 Citations (Scopus)

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.

Original languageEnglish
Pages (from-to)443-445
Number of pages3
JournalEconomics Letters
Volume124
Issue number3
DOIs
Publication statusPublished - 2014 Jan 1

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Bid
Multi-unit auctions
Uniform price auction

ASJC Scopus subject areas

  • Economics and Econometrics
  • Finance

Cite this

Demand reduction in multi-unit auctions with varying number of bidders and units. / Akaichi, Faical; Nayga, Jr, Rodolfo M.; Gil, José M.

In: Economics Letters, Vol. 124, No. 3, 01.01.2014, p. 443-445.

Research output: Contribution to journalArticle

Akaichi, Faical ; Nayga, Jr, Rodolfo M. ; Gil, José M. / Demand reduction in multi-unit auctions with varying number of bidders and units. In: Economics Letters. 2014 ; Vol. 124, No. 3. pp. 443-445.
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