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A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10003848830
performance of our mechanism. Finally, we discuss how the mechanism can be applied to award R&D subsidies. -- Auctions ; subsidies …
Persistent link: https://www.econbiz.de/10003832684
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10010333849
A budget-constrained buyer wants to purchase items from a shortlisted set. Items are differentiated by quality and sellers have private reserve prices for their items. Sellers quote prices strategically, inducing a knapsack game. The buyer's problem is to select a subset of maximal quality. We...
Persistent link: https://www.econbiz.de/10010271568
competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …
Persistent link: https://www.econbiz.de/10011400807
competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and … was predominantly employed in Europe. -- auctions ; telecommunications ; industrial organization ; game theory …
Persistent link: https://www.econbiz.de/10009615427
We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the …
Persistent link: https://www.econbiz.de/10011409210
We briefly survey several insights about value and revenue maximization in multi-object auctions and apply them to the …
Persistent link: https://www.econbiz.de/10013320600
competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and …
Persistent link: https://www.econbiz.de/10013320762
market conditions, and provides a theoretical explanation of low price equilibria in simultaneous, ascending-bid auctions …
Persistent link: https://www.econbiz.de/10011399147