Josheski, Dushko (2018) Symmetric auctions: finding numerical solutions by using auction solver. Microeconomics: Production, Market Structure & Pricing eJournal.
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Official URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_i...
Abstract
This essay theoretically investigates symmetric types of auctions and provides
simulation for the different types of statistical distributions that bidders follow in order
to determine the maximum bid, Expected revenue for the auctioneer, Expected
payment by bidders, Expected utility of the bidders, probability that item is unallocated.
In addition, the subject of interest of this paper are three types of auctions: FPA (first
price auction, Dutch type, SPA (Second price auction, English auction, Vickrey
auction), APA (all-pay auctions)
| Item Type: | Article |
|---|---|
| Subjects: | Social Sciences > Economics and business |
| Divisions: | Faculty of Tourism and Business Logistics |
| Depositing User: | Dusko Josevski |
| Date Deposited: | 23 Jan 2018 12:06 |
| Last Modified: | 23 Jan 2018 12:06 |
| URI: | https://eprints.ugd.edu.mk/id/eprint/19056 |
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