Non-manipulability of uniform price auctions with a large number of objects
Sign Up to like & getrecommendations! Published in 2019 at "International Journal of Game Theory"
DOI: 10.1007/s00182-018-0641-y
Abstract: When agents (bidders) have multi-demand preferences, uniform price auctions are generally not immune to agents’ strategic manipulation, and they may achieve an inefficient allocation. We consider economies in which a large number of identical objects… read more here.
Keywords: price auctions; large number; uniform price; price ... See more keywords
Resale in second-price auctions with costly participation
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DOI: 10.1016/j.ijindorg.2017.06.009
Abstract: We study sealed-bid second-price auctions with costly participation and resale. Each bidder chooses to participate in the auction if her valuation is higher than her optimally chosen participation cutoff. If resale is not allowed and… read more here.
Keywords: price auctions; participation; auctions costly; costly participation ... See more keywords
Monotonicity-constrained nonparametric estimation and inference for first-price auctions
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DOI: 10.1080/07474938.2021.1889198
Abstract: Abstract In the independent private values framework for first-price auctions, we propose a new nonparametric estimator of the probability density of latent valuations that imposes the monotonicity constraint on the estimated inverse bidding strategy. We… read more here.
Keywords: price auctions; first price; monotonicity constrained; constrained nonparametric ... See more keywords
Discriminatory price auctions with resale and optimal quantity caps
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DOI: 10.3982/te2939
Abstract: We present a model of a discriminatory price auction in which a large bidder competes against many small bidders, followed by a post-auction resale stage in which the large bidder is endogenously determined to be… read more here.
Keywords: price auctions; auctions resale; quantity caps; auction ... See more keywords