Characterization of Bidding Behavior in Multi-Unit Documento de trabajo uri icon

Abstracto

  • This paper provides first order conditions for a very general class of single or multi-unit auctions. Under mild conditions we characterize bidding-behavior and generalize previous standard results in the literature. As an application we obtain sufficient conditions for truth-telling, monotonic best reply strategies and identification results for multi-unit auctions.

fecha de publicación

  • 2007-11

Palabras clave

  • Monotonic Best Reply
  • First Order Conditions
  • Identification
  • Multi Unit Auctions
  • Truth Telling

Número

  • 4382