A review of multiunit auctions with homogeneous goods

Abstract This article provides a comprehensive survey of the literature on multiunit auctions with multiple homogeneous goods. Despite the importance of multiunit auctions, the research on these auctions attracted substantially less attention than single‐unit auctions. We start by providing a review of the theoretical literature on homogeneous good multiunit auctions where bidders have multiunit demands. The articles are categorized based on their models' assumptions regarding bidders' values and the type of auction. Furthermore, we review the empirical and experimental evidence related to these multiunit auctions to understand the relationship with the theoretical findings.