We analyze the effects of resale through bargaining in multi-object uniform-price auctions with asymmetric bidders. The possibility of resale affects bidders' s

Auction Theory is the standard reference on auctions and the first source of authoritative information about multi-unit auctions. The book develops the main con

A seller with two objects faces a group of bidders who are subject to budget constraints. The objects have common values to all bidders, but need not be identic

We analyze how the possibility of resale affects efficiency in multi-object uniform-price auctions with asymmetric bidders using a combination of theory and exp