Eichberger, Jürgen; Vinogradov, Dmitri - Alfred-Weber-Institut für Wirtschaftswissenschaften, … - 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...