Comparison with sequential auctions basic model
A Comparison Between Mechanisms for Sequential Compute Resource Auctions
... 3. The amount of work remaining when the agents dead- line was reached. An agent’s performance depends on its bidding strategy, the job it has to complete (some jobs are intrinsically easier than others), the number of ...
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A class Hotelling model for sequential auctions of close substitutes
... this model, some sequential auctions were specically explored, while a bidder's valuation was a linear function of a distance between him or her and an ...of auctions with assumptions of ...
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An experimental comparison of sequential first- and second-price auctions with synergies
... Bidders’ valuations were expressed in Experimental Currency Units (ECU). Subjects could submit any bid between 0 and 999 ECU. Bids did not have to be integers. In case of tied highest bids, the winner was randomly ...
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Optimal sequential auctions
... alternative model formulation exists for a seller’s auction in which bidders have private information about their willingness to pay and the seller awards the item to the high ...alternative model ...
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Sequential search auctions with a deadline.
... we model it as a seller’s sequential search problem with a finite ...one-by-one sequential search may not be optimal either, as too few bidders might be sampled in this ...
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Predatory Bidding in Sequential Auctions
... Ozcan (2004), in his working paper, also studies the same auction but compares it with a second-price auction. In his paper, firms’ costs are private information and both licenses can be sold under some cases in the ...
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Complements and Substitutes in Sequential Auctions: The Case of Water Auctions
... proposed model or a standard English auction model without participation costs, using that the latter is encompassed by the ...two basic behavioral assumptions, provides a robust structural framework ...
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Complements and Substitutes in Sequential Auctions: The Case of Water Auctions
... proposed model or a standard English auction model without participation costs, using that the latter is encompassed by the ...two basic behavioral assumptions, provides a robust structural framework ...
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Complements and Substitutes in Sequential Auctions: The Case of Water Auctions
... proposed model or a standard English auction model without participation costs, using that the latter is encompassed by the ...two basic behavioral assumptions, provides a robust structural framework ...
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Complements and Substitutes in Sequential Auctions: The Case of Water Auctions
... water auctions in Mula, Spain, from January 1954 through August 1966—when the last auction was run—and the allocation system switched to a bargaining system, as described in section 2 ...The basic unit of ...
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Flexible Decision-Making in Sequential Auctions
... the model with complete bid revelation. Another model closely related to ours is that studied by Ortega-Reichert [86], in which two bidders bid on two items sold in a sequence of first-price, sealed-bid ...
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Information Revelation in Sequential Ascending Auctions
... via sequential auctions, while eBay has built a market cap- italization of over $40 billion by providing a marketplace for these ...a model of such markets in which a single object is sold at a time ...
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Sequential Auctions with Randomly Arriving Buyers
... a model with sealed-bid ...a model in which objects are sold using the ascending auction ...simultaneous auctions, or allowing sellers to remain on the market for several periods and overlapping with ...
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Vickrey Auctions with Sequential and Costly Participation
... of sequential and costly par- ticipation in Vickrey auctions with independent private value ...in auctions, while simultaneous participation can be regarded as a Cournot version in ...follower. ...
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Identification and estimation of sequential English auctions
... Proposition 3.4 If n ≥ 3, then a symmetric equilibrium allocates the good effi- ciently if and only if it follows heuristic M1. In general, welfare maximization is not a popular selection rule in game theory. However, in ...
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Bayesian model comparison via sequential Monte Carlo
... Bayesian model comparison has been studied and practiced for a long ...Bayesian model comparison for a wide range of realistic ...Bayesian model comparison, such as the Bayes ...
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Budget-Constrained Sequential Auctions with Incomplete Information
... the model substantially without apparently affecting the key incentives that I wish to explore, so I make the simplifying assumption that once good 1 is allocated, the income of the winner of good 1 and the price ...
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Evolutionary games with sequential decisions and dollar auctions
... where sequential moves would also be appropriate is the modelling of brood care and desertion, as modelled in Houston and McNamara ...of model, where a sequence of distinct choices are ...
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Sequential procurement auctions and their effect on investment decisions
... incentives on behalf of incumbents are induced as a byproduct of these future advantages. This can be particularly important if the goal is to reduce long-run costs. The features and predictions of our model ...
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Sequential License Buyback Auctions: An Experimental Analysis
... binding auctions, we employ a Bayesian Markov Chain Monte Carlo (MCMC) ...linear model is developed using: i) the likelihood function from the linear regression (table 3) with normally distributed errors ...
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