Multiunit Pay-Your-Bid Auction with One-Dimensional Multiunit Demands.
An arbitrary number of units of a good is sold to two bidders through a discriminatory auction. The bidders are homogeneous ex ante and their demand functions are two-step functions that depend on a single parameter. We characterize the symmetric Bayesian equilibrium and prove its existence and uniq...
| Publicado en: | International Economic Review Vol. 44; no. 3; pp. 1135 - 1173 |
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| Autores principales: | , |
| Formato: | Artículo |
| Publicado: |
Wiley-Blackwell
August 2003
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| Acceso en línea: | Ver este registro en EBSCOhost |