Revenue-superior variants of the second-price auction

DOI10.1007/S00199-014-0853-8MaRDI QIDQ2346320zbMATH OpenOpenAlexFDO

Authors Bernard Lebrun

Publication date 1 June 2015

Published in Economic Theory (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s00199-014-0853-8

zbMATH Keywords

2-\(k\)-price auctionAmsterdam auctionbidder heterogeneityEnglish auctionfirst-price auctionsecond-price auction

Mathematics Subject Classification ID

Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• A Theory of Auctions and Competitive Bidding
• Pay-to-bid auctions: to bid or not to bid
• Second price auctions without expected utility
• Auctions in which losers set the price
• The shill bidding effect versus the linkage principle

Cites work

• \(k\)-price auctions
• \(k\)-price auctions: revenue inequalities, utility equivalence, and competition in auction design
• A comparison of pricing rules for auctions and fair division games
• A mechanism design approach to ranking asymmetric auctions
• A Study of Collusion in First-Price Auctions
• All equilibria of the Vickrey auction.
• Asymmetric Auctions
• Asymmetric first-price auctions with uniform distributions: analytic solutions to the general case
• Asymmetric price-benefits auctions
• Bilateral \(k+1\)-price auctions with asymmetric shares and values
• Continuity of the first price auction Nash equilibrium correspondence.
• Core-stable rings in auctions with independent private values
• Cost-Reducing Investment, Optimal Procurement and Implementation by Auctions
• Dissolving a Partnership Efficiently
• Entry Barriers and Economic Welfare
• scientific article; zbMATH DE number 4207454 (Why is no real title available?)
• Identification and estimation of auction models with unobserved heterogeneity
• Near-optimality of second price mechanisms in a class of asymmetric auctions
• Notes and Comments the Amsterdam Auction
• Numerical analysis of asymmetric first price auctions
• On the Effects of Entry
• On the Existence of Pure and Mixed Strategy Nash Equilibria in Discontinuous Games
• Optimal Auction Design
• Optimal Auctions with Risk Averse Buyers
• Optimality and the English and second-price auctions with resale
• Pre-auction offers in asymmetric first-price and second-price auctions
• Premium auctions and risk preferences
• Premium auctions and risk preferences: an experimental study
• Ranking sealed high-bid and open asymmetric auctions
• Symmetric Cournot oligopoly and economic welfare: A synthesis
• Taxation and Welfare in an Oligopoly with Strategic Commitment
• Uniqueness and existence of equilibrium in auctions with a reserve price
• Uniqueness of the equilibrium in first-price auctions

Cited in

(21)

• The shill bidding effect versus the linkage principle
• Auctions with price-proportional benefits to bidders
• A sealed-bid auction that matches the English auction
• Which equilibrium yields the highest expected revenue in second-price sealed-bid auctions?
• Second-price auction tournament
• Interconnected pay-as-bid auctions
• Premium auctions in the field
• Revenue deficiency under second-price auctions in a supply-chain setting
• All-pay auctions with pre- and post-bidding options
• Second-Price All-Pay Auctions and Best-Reply Matching Equilibria
• A Theory of Auctions and Competitive Bidding
• Second chance offers in auctions
• Combining Buy-In Penalties with Commissions at Auction Houses
• Basic auction theory revisited
• scientific article; zbMATH DE number 2096852 (Why is no real title available?)
• Auctions
• Rejection prices and an auctioneer with non-monotonic utility
• Procurement with a strong insider
• Auctions with resale at a later date
• Advertising a second-price auction
• Some further results on the winner's rent in the second-price business auction

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