Bidding behaviour in the multi-unit Vickrey and uniform price auctions

Applied Economics Letters

Volumn 12, Issue 10, 2005, Pages 589-595

  Bernard, John C ^a   Schulze, William ^b   Mount, Timothy ^b  

^a UNIVERSITY OF DELAWARE   (United States)

^b Cornell University ^*  (United States)

Author keywords

[No Author keywords available]

Indexed keywords

BEHAVIORAL RESPONSE; PRICE DYNAMICS;

EID: 23844489389     PISSN: 13504851     EISSN: None     Source Type: Journal    
DOI: 10.1080/13504850500181807     Document Type: Article

References (11)

1. Ausubel, L. (1997) An efficient ascending-bid auction for multiple objects, University of Maryland, Working Paper No. 97-06.
2. Ausubel, L. and Cramton, P. C. (2002) Demand reduction and inefficiency in multi-unit auctions, University of Maryland Working Paper.
3. Bower, J. and Bunn, D. (2001) Experimental analysis of the efficiency of uniform-price versus discriminatory auctions in the England and Wales electricity market, Journal of Economic Dynamics and Control, 25, 561-92.
4. Cramton, P. and Schwartz, J. A. (2002) Collusive bidding in the FCC Spectrum auctions, Contributions to Economic Analysis & Policy, 1, Article 11, http://www.bepress.-com/bejeap/ contributions/vol1/iss1/art11
5. Engelbrecht-Wiggans, R., List, J. A and Lucking-Reiley, D. (1999) Demand reduction in multi-unit auctions with varying number of bidders: theory and field experiments, University of Arizona Working Paper.
6. Kagel, J. H. and Levin, D. (2001) Behaviour in multi-unit demand auctions: experiments with uniform price and dynamic Vickrey auctions, Econometrica, 69, 413-54.
7. List, J. A. and Lucking-Reiley, D. (2000) Demand reduction in multi-unit auctions: evidence from a sportscard field experiment, American Economic Review, 90, 961-72.
8. Macatangay, R. E. A. (2002) Tacit collusion in the frequently repeated multi-unit uniform price auction for wholesale electricity in England and Wales, European Journal of Law and Economics, 13, 257-73.
9. Rothkopf, M. H. (1999) Daily repetition: a neglected factor in the analysis of electricity auctions, The Electricity Journal, 12, 60-70.
10. Vickrey, W. (1961) Counterspeculation, auctions and competitive scaled tenders, Journal of Finance, 16, 8-37.
11. Wolfram, C. D. (1998) Strategic bidding in a multiunit auction: an empirical analysis of bids to supply electricity in England and Wales, RAND Journal of Economics, 29, 703-25.