Revenue-maximizing Dutch auctions with discrete bid levels

DOI10.1016/J.EJOR.2011.05.039MaRDI QIDQ420898zbMATH OpenOpenAlexFDO

Authors Ching-Chung Kuo, Zhen Li

Publication date 23 May 2012

Published in European Journal of Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.ejor.2011.05.039

zbMATH Keywords

nonlinear programmingrevenue maximizationauctions/biddingdiscrete bidDutch auction

Mathematics Subject Classification ID

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

Recommendations

• Design of discrete Dutch auctions with an uncertain number of bidders
• Optimal price decremental strategy for Dutch auctions
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• On the role of discrete bid levels in oral auctions

Cites work

• scientific article; zbMATH DE number 825000 (Why is no real title available?)
• A Theory of Auctions and Competitive Bidding
• Auctions of homogeneous goods with increasing returns: experimental comparison of alternative ``Dutch auctions
• BIDDER WELFARE IN AN AUCTION WITH A BUYOUT OPTION
• Fear of losing in a clock auction
• Nonlinear Programming
• On the role of discrete bid levels in oral auctions
• Optimal Auction Design
• Optimal price decremental strategy for Dutch auctions
• Optimal quota allocation for a revenue-maximizing auction holder facing a random number of bidders
• Predicting bidders' willingness to pay in online multiunit ascending auctions: analytical and empirical insights
• Revenue ranking of discriminatory and uniform auctions with an unknown number of bidders
• Slow Dutch auctions
• The declining price anomaly
• The discrete bid first auction

Cited in

(9)

• Revenue comparison of discrete private-value auctions via weak dominance
• A note on the wallet game with discrete bid levels
• Optimal price decremental strategy for Dutch auctions
• Design of discrete Dutch auctions with consideration of time
• A Prior-Independent Revenue-Maximizing Auction for Multiple Additive Bidders
• scientific article; zbMATH DE number 1927282 (Why is no real title available?)
• Design of discrete Dutch auctions with an uncertain number of bidders
• Revenue implications of choosing discrete bid levels in a Japanese-English auction
• Iterative Dutch combinatorial auctions

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