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Going, going...gone, gone and gone auctioning an item with multiple units

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  • Kevin Counsell

Abstract

Auctions are an established method of valuing items in transactions that go as far back as 500 B.C. More recently, their use has been encouraged by the availability of e-communications - bringing more buyers and sellers together at lower costs. Auctions for multiple units of a single item are also growing in popularity. The list of examples is expanding - it includes telecommunications spectrum or emissions permits with a number of similar licences, Treasury bills with a number of bills of the same term, and electricity markets with identical units of electricity. Kevin Counsell provides an insight into ways such auctions are run and their implications for bidder behaviour.

Suggested Citation

  • Kevin Counsell, 2003. "Going, going...gone, gone and gone auctioning an item with multiple units," Competition & Regulation Times 374706, New Zealand Institute for the Study of Competition and Regulation.
    • Handle: RePEc:vuw:vuwcrt:374706
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    File URL: https://ojs.victoria.ac.nz/crt/article/view/3747
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