The First-price Sealed AuctionIrrationalTrembling-hand Perfect EquilibriumThough the auction existed for a long time, the research on the auction theory has been started formally since 1961. One of the prerequisites in auction theory is that all bidders are rational. At present the auction theory ...
单边拍卖模式主要有4种,即英国式拍卖(English auction)、荷兰式拍卖(Dutch auction)、第一价格密封报价拍卖(first price sealed-bid auction)和第二价格密封报价拍卖(second price sealed-bid auction)。
3.密封第一价格拍卖(first price sealed bid auction)。 4. 密封第二价格拍卖(second price sealed bid auction)。 wenku.baidu.com|基于 1 个网页 3. 第一价格密封拍卖 3.第一价格密封拍卖(First price sealed bid auction) 第一价格密封拍卖亦称差别价格拍卖方式。这是一种封闭式竞价拍卖, … ...
Experiments on first-price sealed-bid auctions with independent private values have shown that submitted bids typically exceed Nash-equilibrium predictions for risk-neutral bidders. Existing bidding models explain this phenomenon by assuming that the bidders are risk-averse and capable of drawing complete...
下列关于拍卖的描述中,错误的是()。A.荷兰式拍卖是降价式拍卖B.英式拍卖每次只有1件拍品C.first-price sealed bid auction是价高者得之D.
1. 第一价格密封拍卖 第三种是第一价格密封拍卖(The First Price Sealed Auction),在这种拍 卖中,投标人将自己的出价写下来装入一个信封密封后 …wenku.baidu.com|基于1 个网页 例句 释义: 全部,第一价格密封拍卖 更多例句筛选 1. The enlightenment of the first-price sealed auction on logistics of univer...
4) first-price-sealed bid 一级密封招标 1. Aiming at the first-price-sealed bid problems in equipment acquisitions,the game characteristics of bid are analyzed,and the solution and expression of single-dimensional Bayesian equilibrium is presented. 针对装备采办中的一级密封招标问题,分析了招标过程...
Abstract:Inthispaper,wediscussthefirst-priceandsecond-pricesealed-bidauctionswithboth commissionrateandreserveprice,andconcludethat:(1)equilibriumbiddingstrategiesaredecreasing incommissionrateundertwotypesofauctions;(2)equilibriumbiddingstrategyisincreasinginreserve priceunderthefirst-priceauctionandindependentofre...
This paper studies the evolutionary stability of the unique Nash equilibrium of a first price sealed bid auction. It is shown that the Nash equilibrium is not asymptotically stable under payoff monotonic dynamics for arbitrary initial populations. In contrast, for some classes of bid functions, when...
Why do bidders tend to bid higher than the risk-neutral Nash equilibrium in sealed-bid first price auction experiments? The effect of risk aversion has long been offered as a possible explanation. More recently, several studies proposed regret as another explanation, citing strong experimental eviden...