Analytical solution of $k$th price auction

• Tác giả: Martin Mihelich, Yan Shu
• Ngôn ngữ: eng
• Ký hiệu phân loại: 018.3 +Catalogs arranged by author, main entry, date, or register number
• Thông tin xuất bản: 2019
• Bộ sưu tập: Metadata
• ID: 163592

Tóm tắt

Comment: 10 pagesWe provide an exact analytical solution of the Nash equilibrium for the $k$th price auction by using inverse of distribution functions. As applications, we identify the unique symmetric equilibrium where the valuations have polynomial distribution, fat tail distribution and exponential distributions.