Lottery versus all-pay auction contests: A revenue dominance theorem.
Jörg FrankeChristian KanzowWolfgang LeiningerAlexandra SchwartzPublished in: Games Econ. Behav. (2014)
Keyphrases
- auction mechanisms
- sealed bid auctions
- multi attribute
- mechanism design
- resource allocation
- utility function
- incentive compatibility
- sealed bid
- von neumann
- multi unit
- bidding strategies
- social welfare
- risk aversion
- online auctions
- sponsored search advertising
- return on investment
- budget constraints
- dominance relation
- group buying
- revenue management
- reverse auction
- digital topology
- incentive compatible
- rough sets
- combinatorial auctions
- incomplete information
- multi unit combinatorial auctions
- electronic commerce