Heterogeneous bids in auctions with rational and boundedly rational bidders: theory and experiment.
Oliver KirchkampJ. Philipp ReißPublished in: Int. J. Game Theory (2019)
Keyphrases
- combinatorial auctions
- bidding strategies
- online auctions
- multi unit
- sealed bid
- auction mechanisms
- sealed bid auctions
- resource allocation
- winner determination
- mechanism design
- auction protocol
- approximation algorithms
- theoretical framework
- bounded rationality
- test bed
- special case
- budget constraints
- reverse auction
- incentive compatible
- false name bids
- genetic algorithm
- neural network