Dudey, Marc (1996), "Dynamic Monopoly with Nondurable Goods." Journal of Economic Theory, 70(2), 470-488.

 I modify the uniform-price auction rules in allowing the seller to ration bidders. This allows me to provide a strategic foundation for underpricing when the seller has an interest in ownership dispersion. Moreover, many of the so-called "collusive-seeming" equilibria disappear.