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

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

Research output: Contribution to journalArticlepeer-review

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 Sep

Keywords

  • Bidders' number
  • Demand reduction
  • Multi-unit auctions
  • Units' number

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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