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Competitive Bidding Behavior in Uniform-Price Auction Markets
Uniform-Price Auction Markets Bidding Behavior
2015/9/18
Profit-maximizing bidding in uniform price auction
markets involves bidding above marginal cost. It therefore
is not surprising that such behavior is observed in
electricity markets. This incent...
Comments on the FCC Wireless Bureau’s Proposed COMPETITIVE BIDDING PROCEDURES FOR AUCTION 73
FCC COMPETITIVE BIDDING
2015/9/18
Reply Comments on the FCC Wireless Bureau’s Proposed COMPETITIVE BIDDING PROCEDURES FOR AUCTION 73
Bureau’s Proposed COMPETITIVE BIDDING PROCEDURES
2015/9/18
We have reviewed all of the comments submitted in response to the FCC’s notice. None of them
raise any issues with our original submission other than some wishing for less vigilant anonymity
provi...
This paper was written in early 1982. On the basis of results from previous research, we had informally conjectured that sequential auctions of the types treated here would yield upward-drifting price...