New research reveals equilibrium in multi-unit auctions, impacting bidding strategies.
The article explores how multi-unit auctions work and finds that there is a way for sellers to set prices that make bidders bid strategically. This means that in certain types of auctions, sellers can set rules that encourage bidders to bid in a way that benefits them the most. The study looks at different types of auctions and shows that there are specific conditions that need to be met for this strategy to work.