Second Price Auctions
Generalized Second Price Auctions with Hierarchical Bidding
... unlike second-price Vickrey auctions, Generalized Second Price auctions are not necessarily efficient - that is, GSP may lead to allocations that do not maximize the sum of payoffs ...
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On the Efficiency of Equilibria in Generalized Second Price Auctions
... generalized second price auctions ...generalized second price auctions that are expressed as bounds on the price of anarchy of the corresponding games over equilibria of ...
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Second Price Auctions with Different Participation Costs
... of auctions with participation costs is mainly focused on the second price auction due to its simplicity of bidding ...In second price auctions, if a bidder finds participating ...
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Equilibria in Second Price Auctions with Participation Costs
... …rst price auction has one i¤ the second price auction has an e¢ cient symmet- ric ...and second price auctions are ex-ante e¢ cient ...the second price auction ...
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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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Pre-Auction Offers in Asymmetric First-Price and Second-Price Auctions
... a second-price ...efficient second-price auctions, since they introduce the wrong kind of favoritism and, thus, the wrong kind of inefficiency from the perspective of seller ...
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Understanding Overbidding in Second Price Auctions: An Experimental Study
... known to all bidders before the bidding begins. The endogenous signal acquisition treatments serve two important purposes. First, it allows us to verify an important prediction of models of bounded rationality. If ...
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Valuation Uncertainty and Imperfect Introspection in Second-Price Auctions
... sealed-bid auctions, in which agents have (uncertain) independent private values and can introspect about their own (but not others’) valuations through possibly costly and imperfect ...investigate ...
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1 4.1. First- and Second-Price Auctions 2
... and second-price auctions yield the same expected revenue to the ...and second-price auctions are efficient, and they give zero payoff to the lowest-valuation bidders (because ...
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Core-stable Rings in Second Price Auctions with Common Values
... the second price auctions modeled by Einy et ...of second price auctions with independent private values (see Mailath and Zemsky (1991)) but, as we shall illustrate, need not ...
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Core-stable rings in second price auctions with common values.
... the second price auctions modeled by Einy et ...of second price auctions with independent private values (see Mailath and Zemsky (1991)) but, as we shall illustrate, need not ...
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An experimental comparison of sequential first- and second-price auctions with synergies
... the second-price treatments and the revenue ranking between first- and second-price auctions was ambiguous, we used the same exchange rates in both pricing ...
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Risk Aversion and Optimal Reserve Prices in First and Second-Price Auctions, Second Version
... and Second-Price Auctions Abstract This paper analyzes the e¤ects of buyer and seller risk aversion in …rst and second- price ...reserve price. In both auctions the ...
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Bidding optimally in concurrent second price auctions of perfectly substitutable goods
... concurrent auctions and perfect ...or second-price sealed bid ...English auctions since these are strategically equivalent to second-price ...such auctions and for any ...
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Cognitive Ability and Bidding Behavior in Second Price Auctions: An Experimental Study
... 5 Agricultural University of Athens Abstract Behavioral biases are more pronounced for individuals with lower cognitive abilities. This paper examines what connection if any there is between cognitive ability and bidding ...
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Second Price Auctions with Valuations and Participation Costs Both Privately Informed
... Texas A&M University College Station, TX 77843 Abstract This paper studies equilibria of second price auctions when valuations and participation costs are both private information with general ...
24
Risk Aversion and Optimal Reserve Prices in First and Second-Price Auctions
... and Second-Price Auctions Abstract This paper analyzes the e¤ects of buyer and seller risk aversion in …rst and second- price ...reserve price. In both auctions the ...
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Bribing in second-price auctions
... An analysis analogous to the one presented in the current paper can be carried out for other auction formats. The main feature that distinguishes the second-price format is that the behavior in the ...
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Speculation in Second-Price Auctions with Resale
... Resale has also been incorporated into the study of optimal auctions (cf. Ausubel and Cram- ton (1999), Jehiel and Moldovanu (1999), Zheng (2002), and Calzolari and Pavan (2002)). Much of this work builds on the ...
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Speculation in Second-Price Auctions with Resale
... efficiency. Jehiel and Moldovanu examine whether the Coasian notion that the initial assignment of property rights has no effect on efficiency holds when resale occurs according to optimal mechanisms in an environment ...
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