Low-Revenue Equilibria in Simultaneous Ascending-Bid Auctions.
Richard Engelbrecht-WiggansCharles M. KahnPublished in: Manag. Sci. (2005)
Keyphrases
- auction mechanisms
- sealed bid auctions
- social welfare
- sealed bid
- resource allocation
- game theory
- auction protocol
- bidding strategies
- multi attribute
- mechanism design
- combinatorial auctions
- multi unit
- budget constraints
- game theoretic
- network revenue management
- sponsored search
- online auctions
- winner determination
- reverse auction
- sponsored search auctions
- utility function
- sponsored search advertising
- group buying
- display advertising
- nash equilibria
- special case
- false name bids
- incentive compatibility
- return on investment
- repeated games
- multiple criteria
- fixed point