IDEAS home Printed from https://ideas.repec.org/a/bpj/bejtec/v9y2009i1n45.html
   My bibliography  Save this article

Sequential Auctions with Multi-Unit Demands

Author

Listed:
  • Rodriguez Gustavo E

    (Long Island University - Brooklyn Campus, gustavo.rodriguez@liu.edu)

Abstract

I study sequential second price auctions with multi-unit demands in a complete information setting, focusing on cases in which payoffs are non-separable as a consequence of decreasing marginal values. At the equilibrium outcome a buyer behaves as a monopsonist with respect to the residual supply, which raises the possibility of inefficiency. Moreover, I construct an equilibrium that exhibits declining prices, a fact that has been empirically observed.

Suggested Citation

  • Rodriguez Gustavo E, 2009. "Sequential Auctions with Multi-Unit Demands," The B.E. Journal of Theoretical Economics, De Gruyter, vol. 9(1), pages 1-35, December.
    • Handle: RePEc:bpj:bejtec:v:9:y:2009:i:1:n:45
    DOI: 10.2202/1935-1704.1534
    as

    Download full text from publisher

    File URL: https://doi.org/10.2202/1935-1704.1534
    Download Restriction: For access to full text, subscription to the journal or payment for the individual article is required.
    File URL: https://libkey.io/10.2202/1935-1704.1534?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Jeddy, Mohamed & Larue, Bruno, 2012. "Mergers, concurrent marketing mechanisms and the performance of sequential auctions," Working Papers 126945, Structure and Performance of Agriculture and Agri-products Industry (SPAA).
    2. Meir, Reshef & Kalai, Gil & Tennenholtz, Moshe, 2018. "Bidding games and efficient allocations," Games and Economic Behavior, Elsevier, vol. 112(C), pages 166-193.
    3. Boudreau, James W. & Shunda, Nicholas, 2016. "Sequential auctions with budget constraints: Evidence from fantasy basketball auction drafts," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 62(C), pages 8-22.
    4. Vishnu V. Narayan & Enguerrand Prebet & Adrian Vetta, 2019. "The Declining Price Anomaly is not Universal in Multi-Buyer Sequential Auctions (but almost is)," Papers 1905.00853, arXiv.org.
    5. Bruno Larue & Sébastien Pouliot & Mohamed Jeddy, 2016. "On the Number and Heterogeneity of Bidders in Livestock Auctions," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 64(2), pages 289-310, June.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:bejtec:v:9:y:2009:i:1:n:45. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.