Sealed bid auctions versus ascending bid auctions: an experimental study

2012 ◽  
Vol 17 (1) ◽  
pp. 1-16 ◽  
Author(s):  
Christer Andersson ◽  
Ola Andersson ◽  
Tommy Andersson
Keyword(s):  
Experimental Study ◽  
Sealed Bid ◽  
Sealed Bid Auctions

scholarly journals Sealed Bid Auctions vs. Ascending Bid Auctions: An Experimental Study

2011 ◽  
Author(s):  
Christer Andersson ◽  
Ola Andersson ◽  
Tommy Andersson
Keyword(s):  
Experimental Study ◽  
Sealed Bid ◽  
Sealed Bid Auctions

Revenue implication of auction value in k-price sealed-bid auctions: An experimental study

2007 ◽  
Vol 19 (1) ◽  
pp. 25-38
Author(s):  
Wei Shi Lim ◽  
Joo Eng Lee-Partridge ◽  
Soo Jiuan Tan
Keyword(s):  
Experimental Study ◽  
Sealed Bid ◽  
Sealed Bid Auctions

Bidding behavior in first price sealed bid auctions

1987 ◽  
Vol 23 (3) ◽  
pp. 239-244 ◽  
Author(s):  
James M. Walker ◽  
Vernon L. Smith ◽  
James C. Cox
Keyword(s):  
Bidding Behavior ◽  
Sealed Bid ◽  
Sealed Bid Auctions

Adversarial Risk Analysis for Auctions Using Mirror Equilibrium and Bayes Nash Equilibrium

2021 ◽  
Author(s):  
Muhammad Ejaz ◽  
Stephen Joe ◽  
Chaitanya Joshi
Keyword(s):  
Nash Equilibrium ◽  
Risk Analysis ◽  
Equilibrium Solution ◽  
Risk Averse ◽  
Prior Work ◽  
Reserve Price ◽  
Solution Concepts ◽  
Risk Seeking ◽  
Sealed Bid ◽  
Sealed Bid Auctions

In this paper, we use the adversarial risk analysis (ARA) methodology to model first-price sealed-bid auctions under quite realistic assumptions. We extend prior work to find ARA solutions for mirror equilibrium and Bayes Nash equilibrium solution concepts, not only for risk-neutral but also for risk-averse and risk-seeking bidders. We also consider bidders having different wealth and assume that the auctioned item has a reserve price.

Sign in / Sign up

Export Citation Format

Share Document