An Example of Multi-Unit Auctions with Atypically Many Equilibria
University of Illinois, Bureau of Economics & Business Research Working Paper No. 99-0108
Posted: 27 Sep 1999
Date Written: May, 1999
The appealing simple example of multi-unit uniform-price auctions with constant, uniformly distributedmarginal values has atypically many equilibria.
JEL Classification: D44, D81, D82
Suggested Citation: Suggested Citation