Cooperation among bidders in traditional auctions is generally forbidden because it is harmful to the interests of sellers. However, in a new type of online auction, the group-buy...
Jian Chen, Xilong Chen, Robert J. Kauffman, Xiping...
We exhibit incentive compatible multi-unit auctions that are not affine maximizers (i.e. are not of the VCG family) and yet approximate the social welfare to within a factor of 1 ...
In most electronic auctions conducted over the Internet today price is still the only decision criteria for the best bid. This is true for all sorts of auctions in the electronic ...
Birgit Burmeister, Tobias Ihde, Thomas Kittsteiner...
We study the bidding behavior of spiteful agents who, contrary to the common assumption of selfinterest, maximize a convex combination of their own proļ¬t and their competitorsā...
This paper examines a generalization of a two-stage game common on eBay: an ascending-price auction followed by price discrimination (the second chance oļ¬er). High bids in the a...