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Bidder Behavior in Multi-Unit Auctions - Evidence from Swedish Treasury Auctions
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We analyze a unique data set on multiunit auctions, which contains the actual demand schedules of the bidders as well as the auction awards in over 400 Swedish
Bidding Behavior in Multi-unit Auctions
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We present laboratory experiments of five different multi-unit auction mechanisms. Two units of a homogeneous object were auctioned off among two bidders with a
Strategic Bidding in a Multi-unit Auction
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This paper considers the bidding behavior of participants in the daily auction to supply electricity in England and Wales. Every day, owners of generating capac
Demand Reduction in Multi-Unit Auctions with Varying Numbers of Bidders
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Recent auction theory and experimental results document strategic demand reduction by bidders in uniform-price auctions. The present article extends this area o