Modelling Bidding Behaviour on German Photovoltaic Auctions

Optimal Bidding on Keyword Auctions

A b s t r a c t Pay per click (PPC) auctions are used to sell positions in search engines. These auctions have gained increasing commercial importance , and many companies offer software to bid on these auctions. We present a trading agent for PPC auctions that is the first in our knowledge to use an explicit profit objective function. The agent creates a look-ahead plan of its desired bids, wh...

Precautionary Bidding in Auctions

We analyze bidding behavior in auctions when risk-averse buyers bid for a good whose value is risky. We show that when the risk in the valuations increases, DARA bidders will reduce their bids by more than the appropriate increase in the risk premium. Ceteris paribus, buyers will be better off bidding for a more risky object in first price, second price, and English auctions with affiliated com...

Bidding in Combinatorial Auctions

On Optimal Bidding in Concurrent Auctions

Online auctions have become a popular and effective tool for Internet-based E-markets. We investigate problems and models of optimal adaptive automated bidding in an environment of concurrent online auctions, where multiple auctions for identical items are running simultaneously. We develop new models for a firm where its item valuation derives from the sale of the acquired items via their dema...

On optimal bidding in sequential procurement auctions

We investigate the problem of optimal bidding for a firm that in each period procures items to meet a random demand by participating in a finite sequence of auctions. We develop a new model for a firm where its item valuation derives from the sale of the acquired items via their demand distribution, sale price, acquisition cost, salvage value and lost sales. We establish monotonicity properties...