Endogenous entry in lowest-unique sealed-bid auctions

DOI10.1007/S11238-010-9196-5MaRDI QIDQ719055zbMATH OpenOpenAlexFDO

Authors Harold Houba, Dinard van der Laan, Dirk Veldhuizen

Publication date 27 September 2011

Published in Theory and Decision (Search for Journal in Brave)

Copyright license Creative Commons Attribution-NonCommercial 4.0 International

Full work available at URL https://doi.org/10.1007/s11238-010-9196-5

zbMATH Keywords

endogenous entryevolutionary stabilitymaximinsealed-bid auction

Mathematics Subject Classification ID

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

Recommendations

• Theoretical approaches to lowest unique bid auctions
• Auctions with endogenous entry
• Sequential asymmetric auctions with endogenous participation
• Equilibria in second price auctions with participation costs
• Nash Equilibria in a Sealed Bid Auction

Cites work

• Additively decomposed quasiconvex functions
• Efficiency of lowest-unmatched price auctions
• Evolutionary and asymptotic stability in symmetric multi-player games
• scientific article; zbMATH DE number 1614269 (Why is no real title available?)
• scientific article; zbMATH DE number 903638 (Why is no real title available?)
• Large Poisson games
• On the existence of symmetric mixed strategy equilibria
• Population uncertainty and Poisson games
• Quantal response equilibria for normal form games

Cited in

(12)

• Sequential asymmetric auctions with endogenous participation
• Endogenous entry in auctions with negative externalities
• An experiment on lowest unique integer games
• Efficiency of lowest-unmatched price auctions
• Price reveal auctions
• Learning by similarity-weighted imitation in winner-takes-all games
• Endogenous bid rotation in repeated auctions
• Theoretical approaches to lowest unique bid auctions
• Multiagent model and mean field theory of complex auction dynamics
• Lowest unique bid auctions with population uncertainty
• Auctions with endogenous entry
• The Simplest Unlimited-Player Game of Skill

Describes a project that uses

Uses Software

• GAMS
• Gambit

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