Discrete Bids and Empirical Inference in Divisible Good Auctions.

I examine a model of a uniform price auction of a perfectly divisible good with private information in which the bidders submit discrete bidpoints rather than continuous downward sloping demand functions. I characterize necessary conditions for equilibrium bidding. The characterization reveals a clo...

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Bibliographic Details

Published in:	Review of Economic Studies Vol. 78; no. 3; pp. 974 - 1015
Main Author:	Kastl, Jakub
Format:	Article
Published:	Oxford University Press / UK July 2011
Subjects:	Auctions Mathematical models Prices > Mathematical models Probability theory
Online Access:	View this record in EBSCOhost