Manheim Auctions
نویسندگان
چکیده
منابع مشابه
Auctions
Auctions are key mechanisms for allocating scarce resources among multiple parties. While traditionally auctions have mainly been applied to the selling of physical goods, they are becoming increasingly popular as mechanisms for such diverse tasks as procurement, bandwidth allocation, or selling online ad space. At the same time, privacy is a crucial issue in electronic commerce. A major reason...
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In recent years, unit-price auctions in which bidders bid their willingness-to-pay for per-unit realized outcome have been adopted by major keyword advertising providers such as Yahoo!, Google, and MSN, in selling keyword advertising slots on web sites. The majority of keyword auctions are pay-per-click auctions in which advertisers specify their willingness-to-pay per click, and pay by the cli...
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We show that an auctioneer may prefer to restrict entry by exacting an admission fee to having an extra potential bidder in an auction setting with endogenous bidder entry. We also highlight that admission fees and reserve prices are different instruments in a setting with uncertainty over entry costs, and that optimal mechanisms in such settings may be higher-dimensional than in Myerson (1981)...
متن کاملQuantum Auctions
We present a quantum auction protocol using superpositions to represent bids and distributed search to identify the winner(s). Measuring the final quantum state gives the auction outcome while simultaneously destroying the superposition. Thus non-winning bids are never revealed. Participants can use entanglement to arrange for correlations among their bids, with the assurance that this entangle...
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A strategy to convert quotas to tariffs is to auction the quota rights and use the realized auction prices as guides to setting tariffs. In the 1980s, New Zealand employed auctions to allocate quota licenses. We analyze the relationship between tariff-equivalents and auction prices for auctions with resale. Using panel data from New Zealand’s quota license auctions, we estimate the expected val...
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ژورنال
عنوان ژورنال: Communications of the Association for Information Systems
سال: 1999
ISSN: 1529-3181
DOI: 10.17705/1cais.00120