Février, Philippe; Roos, William; Visser, Michael - In: Journal of Economics & Management Strategy 14 (2005) 4, pp. 813-847
"This paper studies multi-unit ascending (English) auctions with a buyer's option. The buyer's option gives the winner of an auction the right to purchase any number of units at the winning price. We develop a theoretical model and derive the optimal strategies for the bidders. The model...