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- W2891994189 abstract "This paper compares equilibrium bidding strategies in the discriminatory-price auction (DPA) and the uniform-price auction (UPA) when at least two identical and indivisible units of a good sold to a multi-unit bidder (i.e., with demand for two units of the good) and a set of single-unit bidders. We show that when the multi-unit bidder confronts a set of stronger (resp. weaker) single-unit competitors in term of the likelihood ratio dominance in valuations, she is inclined to submit more (resp. less) aggressive bids for both units in the DPA, whereas she is more likely to shade her bids for the second unit in the UPA when her valuation of the second unit is above a threshold for nonzero bids." @default.
- W2891994189 created "2018-09-27" @default.
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- W2891994189 date "2018-01-01" @default.
- W2891994189 modified "2023-09-24" @default.
- W2891994189 title "Bidding Behavior in Multi-Unit Auctions with Asymmetric Bidders" @default.
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- W2891994189 doi "https://doi.org/10.2139/ssrn.3189570" @default.
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