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evolutionary learning in repeated auctions - bidders' strategies are influenced by the outcome of the past rounds in the game … outcome of learning in auctions. On the other hand it uses computational simulation. The simulation is first checked against …. The main result of the Thesis is the instability of the NE in first price auctions, third and higher price auctions and …
Persistent link: https://www.econbiz.de/10009428992
-stage games, sequential equilibrium, trembling-hand perfection, stability, signaling games, theory of auctions, global games …
Persistent link: https://www.econbiz.de/10009432546
In a large class of multi-unit auctions of identical objects that includes the uniform-price, as-bid (or discriminatory …), and Vickrey auctions, a Bayesian Nash equilibrium exists in monotone pure strategies whenever there is a finite price … condition, non-decreasing differences in own bid and type, is satisfied in this class of auctions given (a) independent types …
Persistent link: https://www.econbiz.de/10009432809
auctions. Theoretical and empirical work are integrated in each area. From the course home page: Course Description The course …
Persistent link: https://www.econbiz.de/10009433257
Several major websites offer hybrid auctions that allow advertisers tobid on a per-impression or a per-click basis. We … auctions, and (c) should consider advertisers'strategic incentives when forming click-through rate expectations inhybrid …
Persistent link: https://www.econbiz.de/10009435135
auctions. It is the second bulletin on livestock marketing research in the West prepared under the supervision of the Western … marketing agencies used and the status of auctions in the total structure of livestock marketing; (3) to trace the development … trade territory and methods of transportation used; and (5) to determine the economic effectiveness of auctions as an agency …
Persistent link: https://www.econbiz.de/10009468711
a series of auctions to elicit consumers' valuations for the product. The primary decision making problem the firm faces … is when to stop holding auctions, where a limited number of units can be sold, and turn to a traditional sales campaign …
Persistent link: https://www.econbiz.de/10009476546
In this dissertation, I study three resource allocation problems. In the first study, I present joint work with Yan Chen, Thomas Finholt, and Kan Takeuchi on a laboratory study evaluating three different package auction mechanisms for allocating access to large scientific equipments. I found...
Persistent link: https://www.econbiz.de/10009476663
Actual investment performance reflects the underlying strategy of the portfolio manager and the execution costs incurred in realizing those objectives. Execution costs, especially in illiquid markets, can dramatically reduce the notional return to an investment strategy. This paper examines the...
Persistent link: https://www.econbiz.de/10009476685
We examine a supply base diversification problem faced by a buyer who periodically holds auctions to award short term …
Persistent link: https://www.econbiz.de/10009476951