An Example of Multi-Unit Auctions with Atypically Many Equilibria

University of Illinois, Bureau of Economics & Business Research Working Paper No. 99-0108

Posted: 27 Sep 1999

See all articles by Richard Engelbrecht-Wiggans

Richard Engelbrecht-Wiggans

University of Illinois at Urbana-Champaign - Department of Business Administration

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Date Written: May, 1999

Abstract

The appealing simple example of multi-unit uniform-price auctions with constant, uniformly distributedmarginal values has atypically many equilibria.

JEL Classification: D44, D81, D82

Suggested Citation

Engelbrecht-Wiggans, Richard, An Example of Multi-Unit Auctions with Atypically Many Equilibria (May, 1999). University of Illinois, Bureau of Economics & Business Research Working Paper No. 99-0108, Available at SSRN: https://ssrn.com/abstract=163758

Richard Engelbrecht-Wiggans (Contact Author)

University of Illinois at Urbana-Champaign - Department of Business Administration ( email )

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Champaign, IL 61820
United States
217-333-1028 (Phone)

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