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Characterization of Bidding Behavior in Multi-Unit Auctions and Applications
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.

Autores:
I. de Castro, Luciano; Riascos, Alvaro.
Palabras clave:
first order conditions, identification, monotonic bestreply, Multi-unit auctions, truth-telling
Archivo:
Año:
2007
Mes:
Noviembre
Número:
26