Designing Bidding Strategies for Trading Agents in Electronic Auctions

In practice, the rules in most open English auctions require participants to raise bids by a sizeable, discrete amount. Furthermore, some bidders are typically more aggressive in seeking to become the "current bidder" during competitive bidding. Most ...

In this study, we aim to develop a pricing mechanism that reduces the effects resulted by vindictive advertisers who bid on sponsored search auctions run by search engine providers. In particular, we aim to ensure payment fairness and price stability in ...

We derive optimal strategies for a bidding agent that participates in multiple, simultaneous second-price auctions with perfect substitutes. We prove that, if everyone else bids locally in a single auction, the global bidder should always place non-zero ...