Multi-unit auctions with uniform prices

B-Tier
Journal: Economic Theory
Year: 1998
Volume: 12
Issue: 2
Pages: 227-258

Authors (2)

Richard Engelbrecht-Wiggans (not in RePEc) Charles M. Kahn (University of Illinois at Urba...)

Score contribution per author:

1.005 = (α=2.01 / 2 authors) × 1.0x B-tier

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

Abstract

Auctions in which individuals can purchase more than one unit of the good being sold differ in striking ways from multi-unit auctions in which individuals may purchase only one unit. The uniform price auction in particular frequently yields Nash equilibria in which bidders underbid for their second unit and therefore pay very low prices for the good. This paper characterizes equilibria for the uniform price auction.

Technical Details

RePEc Handle
repec:spr:joecth:v:12:y:1998:i:2:p:227-258
Journal Field
Theory
Author Count
2
Added to Database
2026-01-25