second-price
Second Price Auctions with Valuations and Participation Costs Both Privately Informed
... on second price auctions due to the simplicity of bidding ...standard second price auction, bidding one’s true valuation is a weakly dominant ...standard second price auction as ...
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Equilibria in Second Price Auctions with Information Acquisition
... process. Second, heterogeneities—a continuum of feasible values, asymmetric IA cost and beliefs on true valuations— is ...reserve price and revenue equivalence, this paper devotes to a modest but important ...
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The second price auction solves King Solomon's dilemma
... the second-price (sealed- bid) auction to solve the ...to. Second, they may have to pay a small participation fee—a situation that arises if the number of actual participants exceeds one (or the ...
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Bidding optimally in concurrent second price auctions of perfectly substitutable goods
... To date, much of the existing literature on multiple auc- tions focuses either on sequential auctions [6] or on simulta- neous auctions for complementary goods, where the value of items together is greater than the sum ...
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Second Price Auctions with Different Participation Costs
... a second price auction, and in order to participate, bidders must incur a non-refundable cost that may be the costs of traveling to an auction site, to pay for the process of learning the rules of auction, ...
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Cognitive Ability and Bidding Behavior in Second Price Auctions: An Experimental Study
... value second price sealed bid auction is a popular tool for applied economists to elicit people’s willingness to pay (WTP) and/or willingness to accept (WTA) for new products, product attributes, ...The ...
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Learning Algorithms for Second-Price Auctions with Reserve
... Due to proprietary data and confidentiality reasons, we cannot present empirical results for AdExchange data. However, we were able to procure an eBay data set consisting of approximately 70,000 second- ...
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Entry Deterrence in Dynamic Second-Price Auctions
... —the price at which a new entrant becomes indifferent between walking away and competing against three rivals with valuations above that ...a second-price format, the communication possibilities that ...
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The impact of resale on entry in second price auctions
... and second price auctions via monopoly pricing, and conclude that a first price auction is more profitable for the seller than a second price ...
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A consistent econometric test for bid interdependence in repeated second price auctions with posted prices
... market price of the commodity (or a field substitute) or the quality of the commodity which would cause people’s bids to become ...five‐round second‐price ...
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Reputation and cooperation in the repeated second price auctions
... Economics Division School of Social Sciences University of Southampton Southampton SO17 1BJ UK.. Discussion Papers in Economics and Econometrics.[r] ...
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Private value preturbations ad informational advantage in common value auctions
... Auction theory is largely silent on what to expect when some bidders are better informed than others about the common value of an object for sale. This is due in part to the fact that second-price common ...
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Online auctions : examination of bidders' strategies : theory and data analysis
... of second price auction, where the highest bidder pays the second highest bid with an added fixed increment specified by the ...the second highest bid (+ the increment) and gives this ...
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A Novel Approach for Efficient and Convenient E-Auction
... and second-price sealed bid ...and second-price sealed bid auction and documented a set of systematic effects on these two ...the second-price auction is a dominant strategy for ...
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All pay auctions with resale
... This paper studies all-pay auctions with resale. In contrast to standard auctions where only winners are required to make payments, all-pay auctions exhibit special characteristic of unconditional payment, that is, ...
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Advances in Auctions
... the second-price auction to multiple units: each buyer submits a sealed-bid demand function, which with discrete items is a list of prices that he is willing to pay for the first, second, third item, ...
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resaleslds1114.pdf
... Resale in Second Price Auctions with Costly Participation.. Okan Y¬lankaya (Koç University).[r] ...
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8-27-2013 12:00 AM A Free Exchange e-Marketplace for Digital Services
... The digital era is witnessing a remarkable evolution of digital services. While the prospects are countless, the e-marketplaces of digital services are encountering inherent game-theoretic and computational challenges ...
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Auctions design with private costs of valuation discovery
... a second-price auction with no entry fee and a reserve price equal to seller’s valu- ...a second price auction with the same reserve price and appropriate ex ante entry fees is ...
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Aversion to price risk and the afternoon effect
... and second-price ...winning price in each ...a second-price auction is potentially problematic with this information policy, because the price setter in a round is a participant ...
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