Nash equilibria of the pay-as-bid auction with K-Lipschitz supply functions.
Martina VanelliGiacomo ComoFabio FagnaniPublished in: CoRR (2023)
Keyphrases
- nash equilibria
- incomplete information
- bidding strategies
- game theory
- auction protocol
- stochastic games
- fictitious play
- auction mechanisms
- electricity markets
- nash equilibrium
- game theoretic
- hilbert space
- pure strategy
- online auctions
- mechanism design
- reverse auction
- multiagent learning
- solution concepts
- sealed bid
- sponsored search auctions
- budget constraints
- multi attribute
- multi unit
- electronic commerce
- sponsored search advertising
- sealed bid auctions