Reserve prices eliminate low revenue equilibria in uniform price auctions.
Justin BurkettKyle WoodwardPublished in: Games Econ. Behav. (2020)
Keyphrases
- auction mechanisms
- long run
- game theory
- bidding strategies
- mechanism design
- dynamic pricing
- budget constraints
- multi attribute
- sealed bid auctions
- game theoretic
- combinatorial auctions
- resource allocation
- social welfare
- online auctions
- network revenue management
- optimal pricing
- information revelation
- group buying
- fixed point
- sealed bid
- nash equilibria
- games with incomplete information