Optimal auctions revisited
نویسندگان
چکیده
منابع مشابه
Optimal Auctions Revisited
The Internet offers new challenges to the fields of economics and artificial intelligence. This paper addresses several basic problems inspired by the adaptation of economic mechanisms, and auctions in particular, to the Internet. Computational environments uch as the Internet offer a high degree of flexibility in auctions’ rules. This makes the study of optimal auctions especially interesting ...
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I introduce a property of players valuations that ensures the existence of an ex post e¢ cient equilibrium in asymmetric English auctions. The use of this property has the advantage of yielding an ex post e¢ cient equilibrium without assuming di¤erentiability of valuations or that signals are drawn from a density. These technical, non economic, assumptions have been ubiquitous in the study of ...
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ژورنال
عنوان ژورنال: Artificial Intelligence
سال: 2000
ISSN: 0004-3702
DOI: 10.1016/s0004-3702(00)00024-2