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Showing 1 to 5 of 5 for “"English auction"”.

  1. Essays in bargaining and auction theory

    … Chapter 3 studies efficient and optimal auction design where bidders do not know their values and solicit advice from informed but biased advisors via a cheap-talk game. When advisors are biased toward overbidding, we characterize efficient equilibria of static auctions and equilibria of …

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  2. A STUDY IN AUCTION THEORY AND A SCENARIO IN CHEATING IN ENGLISH AUCTIONS

    Auction theory is a part of game theory that studies human behavior in auction markets and resulting market outcomes. Research in this area, which is admittedly lacking, suggests that cheating is a risk that players sometimes find profitable to take. Within this body of literature, researchers are …

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  3. Essays on mechanism design

    … technical requirements. We derive the optimal auction in this environment, and analyze the implementation problem with special emphasis on three aspects that are particularly relevant in real practice: privacy protection, dynamic consistency, and simplicity. We design a dynamic mechanism, the …

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  4. Revenue considerations in market design

    … and resources. Examples include combinatorial auctions, markets for selling resources, and markets for selling cloud services. The objective here is to maximize the revenue for the market designer. This problem is difficult because the information required for a smart market to function well is …

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