Demand reduction in multi-unit auctions with varying number of bidders and units
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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. © 2014 Elsevier B.V. All rights reserved.
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Copyright © 2014 Elsevier B.V. All rights reserved