An Experimental Study of Sponsored-Search Auctions
نویسندگان
چکیده
منابع مشابه
An experimental study of sponsored-search auctions
We study the Generalized Second Price auctions—a standard method for allocating online search advertising—experimentally, considering both the static environment assumed by the prevailing theory and a dynamic game capturing the salient aspects of real-world search advertising auctions. Subjects of our experiment bid consistently with the leading equilibrium notions, but exhibit significant over...
متن کاملContract Auctions for Sponsored Search
In sponsored search auctions advertisers typically pay a fixed amount per click that their advertisements receive. In particular, the advertiser and the publisher enter into a contract (e.g., the publisher displays the ad; the advertiser pays the publisher 10 cents per click), and each party’s subjective value for such a contract depends on their estimated click-through rates (CTR) for the ad. ...
متن کاملAn Overview of some Basic Properties of Sponsored Search Auctions
There are m positions to be allocated among n bidders, where n > m. We assume that the (expected) click-through rate of bidder i in position j is of the form αiγj , i.e. separable into an advertiser effect αi ∈ [0, 1] and position effect γj ∈ [0, 1]. We assume that γ1 > γ2 > . . . > γk > 0 and let γj = 0 for j > k. We will sometimes refer to αi as the relevance of bidder i. It is useful to inte...
متن کاملCost of Conciseness in Sponsored Search Auctions
We study keyword auctions in a model where each advertiser has a value for every slot, which is not necessarily proportional to the number of clicks the advertiser expects to receive in that slot. In our model, advertisers need not only derive values from clicks on their ad, nor do they need to value clicks in all slots equally. This model encompasses a variety of advertising objectives, includ...
متن کاملValue of Learning in Sponsored Search Auctions
The standard business model in the sponsored search marketplace is to sell click-throughs to the advertisers. This involves running an auction that allocates advertisement opportunities based on the value the advertiser is willing to pay per click, times the click-through rate of the advertiser. The click-through rate of an advertiser is the probability that if their ad is shown, it would be cl...
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ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2011
ISSN: 1556-5068
DOI: 10.2139/ssrn.1818522