The generalized second-price auction (GSP) is a non-truthful auction mechanism for multiple items. Each bidder places a bid. The highest bidder gets the...
10 KB (1,539 words) - 10:06, 7 August 2023
Vickrey auction for multiunit auctions exist, such as the generalized second-price auction used in Google's and Yahoo!'s online advertisement programmes...
13 KB (2,217 words) - 23:23, 28 June 2024
The generalized first-price auction (GFP) is a non-truthful auction mechanism for sponsored search (a.k.a. position auctions). In sponsored search n bidders...
3 KB (398 words) - 00:27, 1 January 2024
outperforms the generalized second-price auction for both revenues produced for the seller and allocative efficiency. Consider an auction where a set of...
14 KB (2,628 words) - 06:12, 16 April 2024
search auction mechanisms, such as the generalized second-price auction and the Vickrey–Clarke–Groves auction. Generalized second-price auction (GSP) is...
6 KB (995 words) - 18:56, 15 January 2024
multi-winner auctions. Multiunit auction, Combinatorial auction, Generalized first-price auction and Generalized second-price auction are multi-winner auctions. Auctions...
111 KB (13,497 words) - 15:24, 1 July 2024
Dutch auction has also been called a clock auction or open-outcry descending-price auction. This type of auction shows the advantage of speed since a sale...
24 KB (3,117 words) - 19:16, 30 May 2024
A first-price sealed-bid auction (FPSBA) is a common type of auction. It is also known as blind auction. In this type of auction, all bidders simultaneously...
11 KB (1,663 words) - 11:33, 13 April 2024
Price of anarchy for greedy auctions. SODA 2010. Leme, Renato Paes; Tardos, Eva (2010). "Pure and Bayes-Nash Price of Anarchy for Generalized Second Price...
21 KB (2,914 words) - 20:15, 16 April 2024
A Japanese auction (also called ascending clock auction) is a dynamic auction format. It proceeds in the following way. An initial price is displayed...
5 KB (790 words) - 02:01, 3 December 2021
servers The Geometer's Sketchpad, educational software Generalized second-price auction Generalized System of Preferences, a preferential tariff system German...
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value. Second-price sealed-bid auctions (Vickrey auctions) which are the same as first-price sealed bid auctions except that the winner pays a price equal...
39 KB (5,359 words) - 17:39, 30 June 2024
Michael; Schwarz, Michael (2007). "Internet Advertising and the Generalized-Second Price Auction: Selling Billions of Dollars worth of Keywords". American Economic...
3 KB (283 words) - 03:14, 31 May 2024
know exactly when the auction would end and make a last-second bid. A Japanese auction is a variant in which the current price changes continuously according...
9 KB (1,173 words) - 15:01, 28 March 2024
Walrasian auction, introduced by Léon Walras, is a type of simultaneous auction where each agent calculates its demand for the good at every possible price and...
4 KB (511 words) - 04:25, 21 June 2024
auctions are reminiscent of Walrasian auction and have been used as a tool to study the determination of prices in ordinary markets. A double auction...
22 KB (3,196 words) - 12:26, 22 June 2024
different prices (a discriminatory price auction). A uniform price auction otherwise known as a "clearing price auction", pay-as-clear or marginal price auction...
7 KB (818 words) - 05:22, 9 August 2023
of product pricing. Popularized by the reverse auction pioneer, Priceline.com, such pricing strategy asks consumers to 'name their own price' for various...
10 KB (1,238 words) - 10:47, 25 October 2023
Chinese auction is a derogatory term for a type of the all-pay auction, where the probability of winning depends on the relative size of a participant's...
3 KB (254 words) - 20:06, 21 May 2024
A penny auction is a collective action taken during the auction of a foreclosed property to force the sale of the property at a low price, with the intent...
2 KB (176 words) - 18:48, 27 September 2023
A no-reserve auction (NR), also known as an absolute auction, is an auction in which the item for sale will be sold regardless of price. From the seller's...
3 KB (306 words) - 21:18, 30 May 2023
A Calcutta auction is an open auction held in conjunction with a golf tournament, horse race or similar contest with multiple entrants. It is popular in...
4 KB (582 words) - 14:29, 17 February 2024
Single-price auctions are a pricing method in securities auctions that give all purchasers of an issue the same purchase price. They can be perceived...
7 KB (1,017 words) - 00:03, 11 November 2023
Buyer's premium (redirect from Hammer price)
In auctions, the buyer's premium is a charge in addition to the hammer price (i.e. the winning bid announced) of an auction item, or lot. The winning bidder...
9 KB (1,052 words) - 05:47, 2 July 2024
In an ordinary auction also known as a forward auction, buyers compete to obtain goods or services by offering increasingly higher prices. In contrast,...
27 KB (3,563 words) - 16:29, 30 June 2024
A virginity auction is an auction, often publicized online, where a person seeks to sell their virginity. The winning bidder will win the right to be...
25 KB (2,713 words) - 10:40, 29 May 2024
they can be graded on a scale (A1, A2 and B). The auction is set up as a Dutch auction in which the price starts high and works its way down. Bidders get...
4 KB (309 words) - 21:30, 29 May 2023
A Brazilian auction is a certain set of rules for a reverse auction. The buyer communicates the price she or he is willing to pay for the whole lot in...
2 KB (228 words) - 14:20, 17 February 2024
publications exposing results for generalized second price auctions, Dutch auctions, all-pay auctions and other auction types. Auction websites reside in three...
13 KB (1,196 words) - 05:48, 2 July 2024
linear and convex/nonlinear cost. An auction algorithm has been used in a business setting to determine the best prices on a set of products offered to multiple...
7 KB (798 words) - 00:34, 13 June 2024