Non-manipulability of uniform price auctions with a large number of objects
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DOI: 10.1007/s00182-018-0641-y
Abstract: When agents (bidders) have multi-demand preferences, uniform price auctions are generally not immune to agents’ strategic manipulation, and they may achieve an inefficient allocation. We consider economies in which a large number of identical objects… read more here.
Keywords: price auctions; large number; uniform price; price ... See more keywords