Chakraborty, Indranil; Engelbrecht-Wiggans, Richard - In: Economic Theory 26 (2005) 4, pp. 983-987
This paper considers a uniform-price auction in which each of n symmetric bidders can place, say, M bids. Each bidder has privately known, decreasing marginal values from an arbitrary M -dimensional distribution. We provide a quantile-type description of the asymptotic price that appropriately...