Strategic price discounting and rationing in uniform price auctions

C-Tier
Journal: Economics Letters
Year: 2009
Volume: 105
Issue: 1
Pages: 23-27

Score contribution per author:

1.005 = (α=2.01 / 1 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

I modify the uniform-price auction rules in allowing the seller to ration bidders. This allows me to provide a strategic foundation for underpricing when the seller has an interest in ownership dispersion. Moreover, many of the so-called "collusive-seeming" equilibria disappear.

Technical Details

RePEc Handle
repec:eee:ecolet:v:105:y:2009:i:1:p:23-27
Journal Field
General
Author Count
1
Added to Database
2026-01-24