Bidders' Lumpy Bids in Auctions May Lead to Inefficient Allocations.
The article explores how bidders in auctions decide both prices and quantities for multiple units. Bidders can have different values for each unit and can bid for several units at once. The study finds that when bidders bid for the entire supply, revenue is higher compared to bidding for shares of it. Additionally, the equilibrium allocations in these auctions may not always be the most efficient for everyone involved.