k-price auctions and Combination auctions

• Tác giả: Martin Mihelich, Yan Shu
• Ngôn ngữ: eng
• Ký hiệu phân loại: 707.45 Education, research, related topics of fine and decorative arts
• Thông tin xuất bản: 2018
• Bộ sưu tập: Báo, Tạp chí
• ID: 162283

Tóm tắt

Comment: 12 pages. All comments are welcomeWe provide an exact analytical solution of the Nash equilibrium for $k$- price auctions. We also introduce a new type of auction and demonstrate that it has fair solutions other than the second price auctions, therefore paving the way for replacing second price auctions.