Explaining deviations from equilibrium in auctions with avoidable fixed costs.
Wedad ElmaghrabyNathan LarsonPublished in: Games Econ. Behav. (2012)
Keyphrases
- fixed cost
- bidding strategies
- sealed bid
- infinite horizon
- lot sizing
- total cost
- inventory models
- mixed integer programming
- game theory
- nash equilibrium
- online auctions
- combinatorial auctions
- inventory control
- resource allocation
- mechanism design
- social welfare
- planning horizon
- incentive compatibility
- optimal policy
- optimal control
- reverse auction
- long run
- inventory level
- service level
- objective function
- linear program
- multistage
- mathematical model
- optimal solution