In uniform price auctions with asymmetric bidders having quantity-constrained flat demands, low-price equilibria are the unique outcome when no bidder's cap covers total supply.
Auctions of divisible goods: O n the rationale for the treasury experiment
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Uniform price auction with quantity constraints
In uniform price auctions with asymmetric bidders having quantity-constrained flat demands, low-price equilibria are the unique outcome when no bidder's cap covers total supply.