Multi-unit pay-your-bid auctions with variable awards

DOI10.1006/GAME.1997.0599MaRDI QIDQ1268633zbMATH OpenOpenAlexFDO

Authors Richard Engelbrecht-Wiggans, Charles M. Kahn

Publication date 13 December 1998

Published in Games and Economic Behavior (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1006/game.1997.0599

zbMATH Keywords

multi-unit auctions

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Multi-unit auctions with uniform prices
• Demand reduction and inefficiency in multi-unit auctions
• Characterization of equilibrium in pay-as-bid auctions for multiple units
• The multiple unit auction with variable supply
• Characterization of bidding behavior in multi-unit auctions

Cites work

• Allocation Mechanisms and the Design of Auctions
• Equilibria in a multi-object uniform price sealed bid auction with multi- unit demands
• Multi-unit auctions with uniform prices
• Optimal Auction Design
• Revenue equivalence in multi-object auctions

Cited in

(13)

• Pay-to-bid auctions: to bid or not to bid
• Allocating multiple units
• Second chance offers in auctions
• Comparing the Spanish and the discriminatory auction formats: a discrete model with private information
• Characterization of equilibrium in pay-as-bid auctions for multiple units
• Auction mechanisms for allocating subsidies for carbon emissions reduction: an experimental investigation
• What format for multi-unit multiple-bid auctions?
• Interconnected pay-as-bid auctions
• Uniform price auctions with a last accepted bid pricing rule
• Auctioning business licenses to engage in Cournot competition
• Multi-unit auctions with private information: an indivisible unit continuous price model
• Large multi-unit auctions with a large bidder
• Demand reduction and inefficiency in multi-unit auctions

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