1.2 Auctions and the rise of the theory of competitive bidding Auctions play a pivotal role in economic life. Every day, numerous small or high volume transactions are conducted in the form of auctions. For many goods, trading relies sometimes exclusively on bidding at an auction house. The di...
Auction TheoryStudies on correlations between price and trading volume changes brought some evidence that identified whether price movements are effected by increases in trading volumes. Most empirical studies have a framework under a rational expectations hypothesis and assumed asymmetric information among ...
Statistical theory of the continuous double auction Most modern financial markets use a continuous double auction mechanism to\nstore and match orders and facilitate trading. In this paper we develop a\nmicroscopic dynamical statistical model for the continuous double auction under\nthe a... Eric Sm...
Continuous Auctions and Insider Trading A Theory of Auctions and Competitive Bidding A Theory of Auctions and Competitive Bidding Counterspeculation, Auctions, and Competitive Sealed Tenders Computer Speculation, Auctions, and Competitive Sealed Tenders ...
In this paper, we study the problem of trading access permissions (ACPs) between a wireless service provider (WSP) and femtocell owners by truthful auctions. We propose a Truthful Online Reverse Auction (TORA) mechanism that allows the WSP to purchase AC
In economics, the applications of auction theory are very broad. The present paper examines the applications of auction theory, especially in a management accounting context. Auctions are widely used in different applications. Often auct... M Patzenhauer 被引量: 0发表: 2018年 Black Sands KASM...
In practice, however, auction agents are part of complete supply-chain management systems and have to make the same decisions as their human counterparts. To address this issue, we generalize results from auction theory in three ways. First, auction theory provides the optimal bidding function for...
In the 1950s and 1960s, there was a gradual shift toward a more professional investor base, with banks and financial institutions playing an increasingly prominent role in the auctions. This period also saw the beginning of academic interest inauctiontheory, with economists starting to analyze the...
Strategic game theory has made important contributions to the analysis of auctions, but it has not given that kind of insight into economics, or into any other discipline. We present a methodology for designing trading agents, and deciding their bidding strategy, when they participate in a large...
On the optimality of privacy in sequential contracting J. Econ. Theory (2006) A. Blum et al. Practical privacy: The SuLQ framework H. Brenner et al. Impossibility of differentially private universally optimal mechanisms N. Chen et al. On the approximability of budget feasible mechanisms Chen,...