Essig Aberg, Simon, and Brian Baisa. "Quantifying the Inefficiency of Multi-unit Auctions for Normal Goods." Art. 106094. Journal of Economic Theory 230 (December 2025).
Note(s): This figure demonstrates the estimation results by plotting the estimated marginal cost curve, along with the observed bidding curve, for a particular dealer in one particular auction A ...
We provide an ascending auction that yields an efficient outcome when there are many identical units for sale and bidders have interdependent values and downward-sloping demand. Our ascending auction ...
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