Price drops for all participants as the total volume of bids increases.
: The research from ResearchGate analyzes bidding processes under the Independent Private Values (IPV) model. It proves that the optimal strategy for a bidder is generally to bid their true perceived value, regardless of when they join the auction. bulk buy auctions
For a deeper dive into how these mechanisms work, you can explore these specific resources: Price drops for all participants as the total
Multi-item auction where all winners pay the same price (usually the lowest successful bid). bulk buy auctions
Bidder's strategy under group-buying auction on the Internet