Characterization of equilibrium in pay-as-bid auctions for multiple units

DOI10.1007/s00199-005-0009-yzbMath1097.91036OpenAlexW2079386211MaRDI QIDQ2505534

Indranil Chakraborty

Publication date: 26 September 2006

Published in: Economic Theory (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s00199-005-0009-y

zbMATH Keywords

Multi-unit auctionsPay-as-bid rule

Mathematics Subject Classification ID

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

Related Items (5)

Weak and strong multimarket bidding rings ⋮ Interconnected pay-as-bid auctions ⋮ The beauty of Dutch: ex-post split-award auctions in procurement markets with diseconomies of scale ⋮ Multi-unit auctions with private information: an indivisible unit continuous price model ⋮ The beauty of Dutch: bidding behavior in combinatorial first-price procurement auctions

Cites Work

• Multi-unit auctions with uniform prices
• Multi-unit pay-your-bid auctions with variable awards
• Equilibria in a multi-object uniform price sealed bid auction with multi- unit demands
• A Theory of Auctions and Competitive Bidding

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