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Demand Reduction and Inefficiency in Multi-Unit Auctions

Lawrence M. Ausubel, Peter Cramton, Marek Pycia, Marzena Rostek and Marek Weretka, “Demand Reduction and Inefficiency in Multi-Unit Auctions,” Review of Economic Studies, Vol. 81, No. 4 (July 2014), pp. 1366-1400