To support a freight carrier in a combinatorial transport auction, we proposes an exact and two heuristic strategies for bidding on subsets of requests. The exact bidding strategy is based on the concept of elementary request combinations. We show that it is sufficient and necessary for a carrier to bid on each elementary request combination in order to guarantee the same result as bidding on e...

eBay is the largest and most widely known of many internet auction sites designed to connect buyers and sellers around the world. An eBay auction consists of a set bidding period during which individuals submit “maximum bids” for an item. The winner the auction is the individual with the highest bid, and the price is equal to the second highest bid, plus a small bidding increment. This system i...

Player i has valuation vi and vi > vi+1 > 0. The set of actions for each player is a bid bi ∈ [0,∞]. The price paid for the item is p = maxi{bi} and the player of minimum index bidding this price wins. The payoff for player i is vi − p if i wins, 0 else. A Nash equilibrium is denoted b∗ = {bi }. If b∗ is a Nash equilibrium, then player 1 wins. Suppose I have a strategy, that is, a vector of bid...

Robotics researchers have used auction-based coordination systems for robot teams because of their robustness and efficiency. However, there is no research into systematic methods for deriving appropriate bidding rules for given team objectives. In this paper, we propose the first such method and demonstrate it by deriving bidding rules for three possible team objectives of a multi-robot explor...

ABSTRACT In recent years, RTB(Real Time Bidding) becomes a popular online advertisement trading method. During the auction, each DSP(Demand Side Platform) is supposed to evaluate current opportunity and respond with an ad and corresponding bid price. It’s essential for DSP to find an optimal ad selection and bid price determination strategy which maximizes revenue or performance under budget an...

Based on the Chinese IPO book building mechanism as the background, the paper chooses the market-oriented period (from November,2010 to April,2012) of the IPOs as the samples, and studies the relationship between the collusive behavior, institutional investors’ bidding behavior and underwriters’ pricing strategy(as well as the post-IPO performance). The results show that: Firstly, in the case o...

A bidding strategy commonly observed in Internet auctions, though not frequently in live auctions, is that of “jump-bidding,” or entering a bid larger than necessary to be a current high bidder. In this paper, we argue that the cost associated with entering on-line bids and the uncertainty concerning bidding competition -both of which distinguish Internet from live auctions -can explain this ph...

Ad auctions in sponsored search support “broad match” that allows an advertiser to target a large number of queries while bidding only on a limited number. While giving more expressiveness to advertisers, this feature makes it challenging to optimize bids to maximize their returns: choosing to bid on a query as a broad match because it provides high profit results in one bidding for related que...