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The Uniform Price Auction with Endogenous Supply

Damianov, D.S.



This paper shows that low-price equilibria in the uniform price auction with endogenous supply do not exist if the seller employs the proportional rationing rule and is consistent when selecting among profit-maximizing quantities. In a (consistent) subgame perfect equilibrium the Walrasian quantities are traded at the Walrasian price.


Damianov, D. (2005). The Uniform Price Auction with Endogenous Supply. Economics Letters, 88(2), 152-158.

Journal Article Type Article
Publication Date 2005-08
Deposit Date Aug 27, 2013
Journal Economics Letters
Print ISSN 0165-1765
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 88
Issue 2
Pages 152-158
Keywords Endogenous supply; Proportional rationing; Consistency
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