منابع مشابه
Sequential Bundle-Bid Single-Sale Auction Algorithms for Decentralized Control
We study auction-like algorithms for the distributed allocation of tasks to cooperating agents. To reduce the team cost of sequential single-item auction algorithms, we generalize them to assign more than one additional task during each round, which increases their similarity to combinatorial auction algorithms. We show that, for a given number of additional tasks to be assigned during each rou...
متن کاملHow Well Do Selection Models Perform? Assessing the Acuracy of Art Auction Pre-sale Estimates.
Art auction catalogs provide a pre-sale prediction interval for the price each item is expected to fetch. When the owner consigns art work to the auction house, a reserve price is agreed upon, which is not announced to the bidders. If the highest bid does not reach it, the item is brought in. Since only the prices of the sold items are published, analysts only have a biased sample to examine du...
متن کامل“Favors” for Sale: Strategic Analysis of a Simple Menu Auction with Adverse Selection
We study the distribution of a fixed amount of “favors” by an incumbent politician between two pressure groups, each of them offering to the agent a campaign contribution contingent on the quantity of “favors” received. Assuming that the total amount supplied is a private information of the politician the equilibrium contribution schedules are fully characterized. It is shown that the principal...
متن کاملAn Analysis of Residential Auction Sale Prices and Quoted Guide Prices
The majority of the literature concerned with residential auctions has examined whether houses sell at lower or higher prices in comparison with a private treaty negotiated sale. A number of studies have shown, both theoretically and empirically, that auctioned properties should not sell at a premium in comparison to private treaty sales. Mayer (1994) argues that as private sellers can wait lon...
متن کاملThe Biggest Auction Ever: the Sale of the British 3G Telecom Licences
This paper reviews the part played by economists in organizing the British third-generation mobile-phone licence auction that concluded on 27 April 2000. It raised
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ژورنال
عنوان ژورنال: Iowa Journal of Literary Studies
سال: 1987
ISSN: 0743-2747,2325-8845
DOI: 10.17077/0743-2747.1225