The case for multi-unit single-run descending-price auctions

DOI10.1016/J.ECONLET.2011.08.012MaRDI QIDQ427129zbMATHOpenAlexFDO

Authors Irene Martínez-Pardina, Andrés Romeu

Publication date 13 June 2012

Published in Economics Letters (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.econlet.2011.08.012

zbMATH Keywords

Euler algorithmmulti-unit descending-price sequential auctionsnumeric methods

Mathematics Subject Classification ID

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

Recommendations

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• scientific article; zbMATH DE number 7204414
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• A multiunit generalization of a first price auction
• Demand reduction and inefficiency in multi-unit auctions
• Multi-unit auctions: beyond Roberts

Cites work

• Optimal Auctions with Risk Averse Buyers
• Revenue equivalence in multi-object auctions
• Some formulas for sums of binomial coefficients and gamma functions

Cited in

(4)

• Bid pooling in reverse multi-unit Dutch auctions: an experimental investigation
• Descending price multi-item auctions
• On the strictly descending multi-unit auction
• The declining price anomaly is not universal in multi-buyer sequential auctions (but almost is)

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