Eichberger, Jürgen; Vinogradov, Dmitri V. - Alfred-Weber-Institut für Sozial- und … - 2008
Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly,they are also applied in internet trading. In these auctions the lowest single (unique)bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize,bidding cost and...