Equilibrium bids in practical multi-attribute auctions

被引：11

作者：

Wang, Mingxi ^{[1
]}

Liu, Shulin ^{[1
]}

机构：

[1] Univ Int Business & Econ, Sch Int Trade & Econ, Beijing 100029, Peoples R China

来源：

ECONOMICS LETTERS | 2014年 / 123卷 / 03期

基金：

中国国家自然科学基金;

关键词：

Multi-attribute auctions; Bidding strategy; Winner determination; MULTIDIMENSIONAL AUCTIONS;

D O I：

10.1016/j.econlet.2014.03.021

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article proposes a nonlinear scoring rule which transforms multiple attributes of a bid into comparable dimensionless ones. Practically, the buyer can use it to select the most competitive winner. For risk-neutral bidders, we characterize a symmetric Bayes-Nash equilibrium and find that as the number of bidders increases the equilibrium quality improves, whereas the equilibrium price decreases. (C) 2014 Elsevier B.V. All rights reserved.

引用

页码：352 / 355

页数：4

共 50 条

[21] USING FUZZY SET APPROACH IN MULTI-ATTRIBUTE AUTOMATED AUCTIONS
Goyal, Madhu
Kaushik, Saroj
ICEIS 2010: PROCEEDINGS OF THE 12TH INTERNATIONAL CONFERENCE ON ENTERPRISE INFORMATION SYSTEMS, VOL 4: SOFTWARE AGENTS AND INTERNET COMPUTING, 2010, : 81 - 85
[22] Multi-attribute online reverse auctions: Recent research trends
Pham, Long
Teich, Jeffrey
Wallenius, Hannele
Wallenius, Jyrki
EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 2015, 242 (01) : 1 - 9
[23] A weighted product method for bidding strategies in multi-attribute auctions
Mingxi Wang
Shulin Liu
Shouyang Wang
Kin Keung Lai
Journal of Systems Science and Complexity, 2010, 23 : 194 - 208
[24] A WEIGHTED PRODUCT METHOD FOR BIDDING STRATEGIES IN MULTI-ATTRIBUTE AUCTIONS
Kin Keung LAI
JournalofSystemsScience&Complexity, 2010, 23 (01) : 194 - 208
[25] Nonparametric identification and estimation of score auctions in multi-attribute procurement
Quiroga, Bernardo F.
Aldunate, Felipe
OPERATIONS RESEARCH LETTERS, 2021, 49 (05) : 748 - 751
[26] A weighted product method for bidding strategies in multi-attribute auctions
Wang, Mingxi
Liu, Shulin
Wang, Shouyang
Lai, Kin Keung
JOURNAL OF SYSTEMS SCIENCE & COMPLEXITY, 2010, 23 (01) : 194 - 208
[27] Information Revelation in Multi-Attribute Reverse Auctions: An Experimental Examination
Wu, Shikui
Kersten, Gregory E.
PROCEEDINGS OF THE 46TH ANNUAL HAWAII INTERNATIONAL CONFERENCE ON SYSTEM SCIENCES, 2013, : 528 - 537
[28] An Evolutionary Algorithm for Finding Efficient Solutions in Multi-Attribute Auctions
Koksalan, Murat
Karakaya, Gulsah
INTERNATIONAL JOURNAL OF INFORMATION TECHNOLOGY & DECISION MAKING, 2014, 13 (03) : 649 - 673
[29] Electronic procurement based-on multi-attribute auctions model
Zhang, LY
Duan, L
Meng, QL
PROCEEDINGS OF THE 2004 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE & ENGINEERING, VOLS 1 AND 2, 2004, : 191 - 196
[30] Bidding in sealed-bid and English multi-attribute auctions
David, Esther
Azoulay-Schwartz, Rina
Kraus, Sarit
DECISION SUPPORT SYSTEMS, 2006, 42 (02) : 527 - 556

← 1 2 3 4 5 →