So in an optimal auction the objects are allocated to the bidders with the highest marginal revenues, just as a priceЛdiscriminating monopolist sells to the buyers with the highest marginal revenues (by equalizing the lowest marginal revenues sold to across different markets).
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Much of classical auction theory has been developed from the standpoint of the seller, trying to understand how to optimize auctions to maximize seller ...
May 13, 2019 · Much of classical auction theory has been developed from the standpoint of the seller, trying to understand how to optimize auctions to ...
This paper studies bidding behavior in a dynamic auction setting that is similar to auctions offered on the Internet. I allow bidders to acquire outside prices ...
Nov 19, 2020 · The reason is because bidders gain more information about an item's value during the bidding process and the more information bidders have about ...
Missing: Standpoint. | Show results with:Standpoint.
Auction theory is a branch of applied economics that deals with how bidders act in auctions and researches how the features of auctions incentivise predictable ...
Missing: Standpoint. | Show results with:Standpoint.
Auction Theory from the Bidder Standpoint. Suju Rajan, Noureddine El Karoui. Anthology ID: DBLP:conf/www/RajanK19; Volume: Companion of The 2019 World Wide Web ...
This chapter presents the notion of affiliation and analyses its implications for equilibrium bidding functions and revenue.
Jun 27, 2024 · Auction theory, a fascinating field at the intersection of economics, game theory, and practical market design, delves into the intricate ...
This section presents and analyzes the auction model introduced by Hansen. (1988) to explain the use of first-bid auctions for industrial ...