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An n-to-1 Bidder Reduction for Multi-item Auctions and its Applications
Bidder Reduction Multi-item Auctions Applications
2016/1/22
In this paper, we introduce a novel approach for reducing the k-item n-bidder auction with additive valuation to k-item 1-bidder auctions. This approach, called the Best-Guess reduction, can be applie...
Optimal Auctions for Partially Rational Bidders
Optimal Auctions Partially Rational Bidders
2016/1/22
We investigate the problem of revenue optimal mechanism design [Myerson, 1981] under the con-text of the partial rationality model, where buyers randomize between two modes: rational and irra-tional. ...
Demand Reduction and Inefficiency in Multi-Unit Auctions
Multi-Unit Auctions Demand Reduction Treasury Auctions Electricity Auctions
2015/9/18
Auctions often involve the sale of many related goods: Treasury, spectrum, and electricity auctions
are examples. In multi-unit auctions, bids for marginal units may affect payments for inframarginal...
COMPARING OPEN AND SEALED BID AUCTIONS: EVIDENCE FROM TIMBER AUCTIONS
SEALED BID AUCTIONS TIMBER AUCTIONS
2015/7/21
A private value
auction model with endogenous participation can account for these qualitative
effects of auction format. We estimate the model’s parameters and show that
it can explain the quantita...
Online Trust Mechanisms: A Domain Study of Online Auctions
Online Trust Mechanisms Domain Study Online Auctions
2009/12/8
This research investigates mechanisms that impact trust at online auctions. A qualitative study is discussed within this paper to identify mechanisms that impact trust at online auctions. The mechanis...