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

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

doi:10.1016/j.econlet.2014.07.006

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 journal › Article › peer-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 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	Published - 2014 Sept

Keywords

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

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/j.econlet.2014.07.006

Cite this

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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.",

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KW - Units' number

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

Abstract

Keywords

ASJC Scopus subject areas

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