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...

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Bibliographic Details

Published in:	International Economic Review Vol. 44; no. 3; pp. 1135 - 1173
Main Authors:	Lebrun, Bernard, Tremblay, Marie-Christine
Format:	Article
Published:	Wiley-Blackwell August 2003
Subjects:	Auctions Mathematical models Economic equilibrium Economic demand
Online Access:	View this record in EBSCOhost