Akaichi, Faical; Nayga, Rodolfo M.; Gil, José M. - In: Economics Letters 124 (2014) 3, pp. 443-445
We examine the effect of varying the number of bidders and units on bid values in multi-unit auctions. Our results suggest that the uniform-price auction is sensitive to demand reduction, however, increasing the number of bidders or/and units can significantly decrease it.