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Asymptotic prices in uniform-price multi-unit auctions

✍ Scribed by Indranil Chakraborty; Richard Engelbrecht-Wiggans

Publisher
Springer
Year
2005
Tongue
English
Weight
79 KB
Volume
26
Category
Article
ISSN
0938-2259

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## Abstract A price takes the form of a cost for either one unit (single‐unit pricing) or multiple units (multi‐unit pricing). I consider a monopolist selling units of a good to a population of homogeneous consumers to explain why one is preferred to the other. A mental cost arises if the division

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## Abstract Demand reduction in Uniform‐price and English auctions are strategic reactions by participants to reduce price and thus increase potential profits. Laboratory experiments similar to the field experiments performed by List and Reiley (__Am. Econ. Rev__. 2000; **9**(4): 961–972) in which