@booklet {reny-otfotlpima1997,
	title = {On The Failure of the Linkage Principle in Multi-Unit Auctions},
	howpublished = {Discussion Papers},
	year = {1997},
	month = {9},
	publisher = {Econometrica 67 (1999), 895-900.},
	abstract = {It is shown that the linkage principle (Milgrom and Weber(1982)) does not extend to the multi-unit auction setting. An analysis of the equilibium bidding strategies is carried out for the gneral two-agent/two-unit Vickrey auction in order to provide economic insight into the nature of the failure. In addition, an explicit counterexample is provided.},
	url = {{\textquoteright}},
	author = {Reny, Motty Perry and Philip J.}
}
