Title of article
Optimal bidding in multi-unit auctions with many bidders
Author/Authors
D. Nautz، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1995
Pages
6
From page
301
To page
306
Abstract
We derive the optimal bid functions for discriminatory and competitive multi-unit private value auctions, assuming bidders act as price-takers. The results suggest that the competitive auction is superior to the discriminatory auction, both in terms of efficiency and simplicity.
Journal title
Economics Letters
Serial Year
1995
Journal title
Economics Letters
Record number
433931
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