Which equilibrium yields the highest expected revenue in second-price sealed-bid auctions?
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DOI: 10.1016/j.econlet.2018.03.016
Abstract: Abstract This paper considers second-price sealed-bid auctions among three or more bidders. We take into account all equilibria, and examine the maximum of the equilibrium revenues, using the result of Blume and Heidhues (2004). We… read more here.
Keywords: highest expected; sealed bid; price sealed; second 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
Optimal Discrimination-Free Auctions
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DOI: 10.1287/mnsc.2024.04584
Abstract: This paper introduces a second-price auction with a flexible reserve price, where the reserve price for the top bidder is not fixed but rather determined as a function of all losing bids. We show that… read more here.
Keywords: discrimination free; reserve price; second price; price ... See more keywords
Generalized Second Price Auctions over a Network
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DOI: 10.3390/g9030067
Abstract: We consider the problem of how to apply a generalized second price (GSP) auction to a buyer–seller network. GSP auctions are often used to sell online ads where buyers care about the position or placement… read more here.
Keywords: auctions network; network; generalized second; second price ... See more keywords