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Demand reduction in multi-unit auctions with varying number of bidders and units

Autor
Faiçal, A.; Nayga, R.; Gil, J.M.
Tipus d'activitat
Article en revista
Revista
Economics letters
Data de publicació
2014-09-01
Volum
124
Número
3
Pàgina inicial
443
Pàgina final
445
DOI
https://doi.org/10.1016/j.econlet.2014.07.006 Obrir en finestra nova
Repositori
http://hdl.handle.net/2117/26321 Obrir en finestra nova
Resum
We examine the effect of varying the number of bidders and units on bid values in multi-unit auctions. Our results suggest that the uniform-price auction is sensitive to demand reduction, however, increasing the number of bidders or/and units can significantly decrease it. We examine the effect of varying the number of bidders and units on bid values in multi-unit auctions. Our results suggest that the uniform-price auction is sensitive to demand reduction, however, increasing the number of bidd...
Citació
Faiçal, A.; Nayga, R.; Gil, J.M. Demand reduction in multi-unit auctions with varying number of bidders and units. "Economics letters", 01 Setembre 2014, vol. 124, núm. 3, p. 443-445.
Paraules clau
Bidders' number, Demand reduction, Field experiment, Multi-unit auctions, Units' number
Grup de recerca
CREDA - Centre de Recerca en Economia i Desenvolupament Agroalimentari

Participants