An Analysis Of Large Multi-Unit Auctions With Bundling1
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چکیده
Should multi-unit auctions be used to sell multiple identical and indivisible units? In this paper we show that with sufficiently many bidders, the multi-unit format is more efficient than the bundle format in a broad range of situations. However, the revenueperformance depends on the fraction of demand that is met asymptotically. We also examine the absolute performance of the multi-unit auctions by providing bounds on the rate at which the multi-unit auction converges to competitive price.
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تاریخ انتشار 2004