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Persistent link: https://www.econbiz.de/10011582155
We find new equilibria of minimum-revenue core-selecting (MRCS) auctions that, in contrast to previously identified equilibria, involve overbidding - bidding more than one's true value for some packages of goods. With full information, every MRCS auction in every possible setting has equilibria...
Persistent link: https://www.econbiz.de/10010339391
We model an online display advertising environment in which "performance'' advertisers can measure the value of individual impressions, whereas "brand" advertisers cannot. If advertiser values for ad opportunities are positively correlated, second-price auctions for impressions can be...
Persistent link: https://www.econbiz.de/10014036133