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Demand reduction and preemptive bidding in multi-unit license auctions

Goeree, Jacob K.; Offerman, Theo; Sloof, Randolph - 2004

Multi-unit ascending auctions allow for equilibria in which bidders strategically reduce their demand and split the market at low prices. At the same time, they allow for preemptive bidding by incumbent bidders in a coordinated attempt to exclude entrants from the market. We consider an...

Persistent link: https://www.econbiz.de/10011342575