An Example of Multi-Unit Auctions with Atypically Many Equilibria

Posted: 25 Jan 2001

See all articles by Richard Engelbrecht-Wiggans

Richard Engelbrecht-Wiggans

University of Illinois at Urbana-Champaign - Department of Business Administration

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Abstract

The appealing simple example of multi-unit uniform-price auctions with constant, uniformly distributed marginal values has atypically many equilibria.

JEL Classification: D44, D81, D82

Suggested Citation

Engelbrecht-Wiggans, Richard, An Example of Multi-Unit Auctions with Atypically Many Equilibria. Available at SSRN: https://ssrn.com/abstract=177711

Richard Engelbrecht-Wiggans (Contact Author)

University of Illinois at Urbana-Champaign - Department of Business Administration ( email )

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Champaign, IL 61820
United States
217-333-1028 (Phone)

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