In an all-pay auction, only one bidder wins but all bidders must pay the auctioneer. All-pay bidding games arise from attaching a similar bidding structure to traditional combinatorial games to determine which player moves next. In contrast to the established theory of single-pay bidding games, optimal play involves choosing bids from some probability distribution that will guarantee a minimum ...

Unique-Bid auction sites are gaining popularity on the Internet in recent years. We have managed to extract dynamic temporal bidding data from such a site, using a backpropagation algorithm for analysis of side signals. This offered us rare insights on actual bidding strategies used by actual bidders, such as bidding-bursts, late-bidding and position-targeted bidding. We constructed an agent-ba...

This paper shows that in online auctions like eBay, if bidders can only place bids at random times, then many different equilibria arise besides truthful bidding, despite the option to leave proxy bids. These equilibria can involve gradual bidding, periods of inactivity, and waiting to start bidding towards the end of the auction bidding behaviors common on eBay. Bidders in such equilibria impl...

Online auctions have become an increasingly important aspect of e-commerce. However, for consumers, the chances of landing a winning bid in online auctions has become increasingly more difficult with the abundance of “bidding robots”. Bidding robots such as “BidRobot” and “Auction Sniper” are pieces of software that are configured by the user to follow any number of auctions on different auctio...

Virtual power plant (VPP) can be studied to investigate how energy is purchased or sold in the presence of electricity market price uncertainty. The VPP uses different intermittent distributed sources such as wind turbine, flexible loads, and locational marginal prices (LMPs) in order to obtain profit. VPP should propose bidding/offering curves to buy/sell from/to day-ahead market. In this pape...

Bridge is among the zero-sum games for which artificial intelligence has not yet outperformed expert human players. The main difficulty lies in the bidding phase of bridge, which requires cooperative decision making under partial information. Existing artificial intelligence systems for bridge bidding rely on and are thus restricted by human-designed bidding systems or features. In this work, w...

Competitive bidding is the main mechanism for allocation of construction projects and consequently price determination of the construction services in the A/E/C industry. While different aspects of construction bidding have been studied in the literature, there is still a need for developing a comprehensive model that captures the complex dynamics of bidding environment by considering interacti...

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...

We prove existence and uniqueness of equilibrium for a general class of twoplayer bidding games. We apply our results to the first price auction, the combination of first and second price auctions, the war of attrition, the all pay auction, as well as combinations of the latter two auction forms. We also treat the first price auction without risk neutrality. Our results deal with the asymmetric...