This paper investigates private-value `reserve price' auctions when there is a strong bidder in an n-bidder model. Consider an auction model, in which bidders draw their values from the same distribution, but then identity of the high-value bidder is revealed. This can be more plausible than the...

The growing number of auction sites on the internet enable game theorists to ask strategic questions on rationality of the observed bidding behavior. The most popular of them (eBay, Amazon.com, AuctionWatch.com and Yahoo!, etc.) operate under similar sets of rules with seemingly small...

This study introduces a computational tool to analyze how a population of decision makers communicates and learns to coordinate to attain an equilibrium or a social convention in a two-sided matching game with incomplete information. Genetic algorithms are used in an environment where agents are...