Uniform price auction of divisible goods based on multiple rounds linear bidding and its equilibrium analysis

Article English OPEN
Rao, Congjun; Zhao, Yong; Chen, Yang;
  • Publisher: Vilnius Gedinimas Technical University
  • Journal: Technological and Economic Development of Economy (issn: 2029-4913, eissn: 2029-4921)
  • Publisher copyright policies & self-archiving
  • Related identifiers: doi: 10.3846/20294913.2013.876457
  • Subject: linear bidding | HF5001-6182 | Business | Economic growth, development, planning | uniform price auction | equilibrium points | HD72-88 | divisible goods
    acm: TheoryofComputation_GENERAL | TheoryofComputation_MISCELLANEOUS

In this paper, the auction problem of a kind of continuous homogeneous divisible goods is studied and a uniform price auction mechanism is presented based on three conditions, i.e. the auctioneer’s supply is variable, every bidder submits multiple rounds continuous line... View more