“We consider repeated multi-unit auctions with uniform pricing, which are widely used in practice for allocating goods such as carbon licenses. In each round, K identical units of a good are sold to a group of buyers that have valuations with diminishing marginal returns. The buyers submit bids for the units, and then a price p is set per unit so that all the units are sold. We consider two variants of the auction, where the price is set to the K-th highest bid and (K+1)-st highest bid, respectively.”

Find the paper and full list of authors at ArXiv.