in The Review of Economic Studies
October 2014; p ublished online July 2014 .
Journal Article. Subjects: Information, Knowledge, and Uncertainy; Energy and Utilities; Market Structure, Firm Strategy, and Market Performance; Market Structure and Pricing. 19138 words.
Auctions often involve the sale of many related goods: Treasury, spectrum, and electricity auctions are examples. In multi-unit auctions, bids for marginal units may affect payments for...