Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/221529
Authors: 
Swinkels, Jeroen M.
Year of Publication: 
1996
Series/Report no.: 
Discussion Paper 1173
Abstract: 
We consider discriminatory auctions for multiple identical units of a good. Players have private values, possibly for multiple units. None of the usual assumptions about symmetry of players' distributions over values or of their equilibrium play are made. Because of this, equilibria will typically involve inefficiency: objects may not end up in the hands of those who value them most. We show that, none the less, such auctions become arbitrarily close to efficient as the number of players, and possibly the number of objects, grows large.
JEL: 
C72
D44
D82
Document Type: 
Working Paper

Files in This Item:
File
Size





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.