An Example of a Multi-Object Auction Game
نویسندگان
چکیده
منابع مشابه
A comparison of multi-object auction formats
We compare the performance of three alternative multi-object auction institutions: simultaneous ascending auctions with the hard closing rule, simultaneous ascending auctions with the soft closing rule, and simultaneous first price sealed bid auctions. Among the three formats, the simultaneous ascending auction with the soft closing rule is the most efficient and produces outcomes closest to th...
متن کاملImplementing Efficient Multi-Object Auction Institutions:
Abstract We study three alternative implementations of the Vickrey (1961) multi-unit demand auction: Vickrey’s original static sealed-bid auction and two dynamic alternatives, with and without public dropout information reported during the auction (Ausubel, 2004). Although implemented by a weaker solution concept, behavior in the dynamic Vickrey auction with the public dropout information comes...
متن کاملA Comparative Study of Multi-Attribute Continuous Double Auction Mechanisms
Auctions have been as a competitive method of buying and selling valuable or rare items for a long time. Single-sided auctions in which participants negotiate on a single attribute (e.g. price) are very popular. Double auctions and negotiation on multiple attributes create more advantages compared to single-sided and single-attribute auctions. Nonetheless, this adds the complexity of the auctio...
متن کاملChoosing a Combinatorial Auction Design: An Illustrated Example
This paper summarizes a talk given in honor of Saul Gass’ 80 Birthday celebration. The paper is modeled after Saul’s well-known book An Illustrated Guide to Linear Programming and presents some of the illustrations provided during that talk. In this paper, we explain why specific rules might be chosen within a general combinatorial auction framework. The purpose of such rules is to assure that ...
متن کاملa comparative study of multi-attribute continuous double auction mechanisms
auctions have been as a competitive method of buying and selling valuable or rare items for a long time. single-sided auctions in which participants negotiate on a single attribute (e.g. price) are very popular. double auctions and negotiation on multiple attributes create more advantages compared to single-sided and single-attribute auctions. nonetheless, this adds the complexity of the auctio...
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ژورنال
عنوان ژورنال: Management Science
سال: 1979
ISSN: 0025-1909,1526-5501
DOI: 10.1287/mnsc.25.12.1272