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Characterization of Bidding Behavior in Multi-Unit

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Author Info
Luciano I. De Castro ()
Alvaro Riascos ()

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Abstract

This paper provides first order conditions for a very general class of single or multi-unit auctions. Under mild conditions we characterize bidding-behavior and generalize previous standard results in the literature. As an application we obtain sufficient conditions for truth-telling, monotonic best reply strategies and identification results for multi-unit auctions.

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File URL: http://economia.uniandes.edu.co/publicaciones/documentocede2007-26.pdf
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Paper provided by UNIVERSIDAD DE LOS ANDES-CEDE in its series DOCUMENTOS CEDE with number 004382.

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Length: 32
Date of creation: 09 Nov 2007
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Handle: RePEc:col:000089:004382

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This page was last updated on 2009-11-28.

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