The English Auction with Differentiated Commodities

نویسندگان

  • Faruk Gul
  • Ennio Stacchetti
چکیده

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Procurement Auctions for Differentiated Goods

We consider two mechanisms to procure differentiated goods: a request for quote and an English auction with bidding credits. In the request for quote, each seller submits a price and the inherent quality of his good. Then the buyer selects the seller who offers the greatest difference in quality and price. In the English auction with bidding credits, the buyer assigns a bidding credit to each s...

متن کامل

An Auction Based Approach to Multicommodity Minimal Cost Flow Problems

English In this paper, we introduce a new algorithm for solving Multicommodity Minimal Cost Flow problems; the Auction Algorithm (AA). This algorithm is special: It is not efficient on its own, but it uses the strength of the many. The Auction Algorithm can be run fully distributed. The main idea of the algorithm is that commodities bid on the arcs they want to use. A second algorithm determine...

متن کامل

Hypothetical–actual bid calibration of a multigood auction

Evidence suggests the calibration of hypothetical and actual behavior is good-specific. We examine whether clustering commodities into mutual categories can reduce the burden. While we reject a common calibration across sets of commodities, a sport-specific calibration function cannot be rejected.  1998 Elsevier Science S.A.

متن کامل

Developing an Online Market Mechanism for Trading Perishable Agricultural Commodities

One-sided auctions are used for trading perishable agricultural commodities because their production cost is already "sunk." Moreover, the promptness and simplicity of one-sided auctions are beneficial for trading in perishable commodities. However, sellers cannot participate in the price-making process in these auctions. A standard double auction market collects bids from both sides of traders...

متن کامل

Agent Competition Double-Auction Mechanism

T paper proposes an agent competition double-auction mechanism to simplify decision making and promote transactions for the customer-to-customer marketplaces. Under the proposed double-auction mechanism, bidding one’s true valuation (private information) is the best strategy for each individual buyer and seller even when shipping costs and sales taxes are different across various possible trans...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

برای دانلود متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

عنوان ژورنال:
  • J. Economic Theory

دوره 92  شماره 

صفحات  -

تاریخ انتشار 2000