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"Game Theory Bargaining and Auction Strategies bridges the gulf between the theoretical economic principles of negotiation and auction theory and explores the multifaceted applications of these principles in practice. The book provides a comprehensive collection of case studies that detail the...
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This paper explores how a seller should transmit product information to bidders with horizontally differentiated preferences. Under cheap-talk, we show that, in an informative equilibrium, the seller provides less precise information for more popular product attributes. Second, for any given...
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Facebook and Google offer hybrid advertising auctions that allow advertisers to bid on a per-impression or a per-click basis for the same advertising space. This paper studies the properties of equilibrium and considers how to increase efficiency in this new auction format. Rational expectations...
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