In this paper, we study the problem of auctioning a kind of continuous homogeneous divisible goods, and present a multi-stage sequential auction mechanism.
Nov 1, 2013 · In a uniform price auction of divisible goods, every bidder submits multiple price-quantity pair or a nonincreasing continuous demand function.
In this paper, we study the problem of auctioning a kind of continuous homogeneous divisible goods, and present a multi-stage sequential auction mechanism ...
Abstract. In this paper, the auction problem of a kind of continuous homogeneous divisible goods is studied and a uniform price auction mechanism is ...
Section 1 gives some assumptions and definitions, and presents a uniform price auction mechanism with variable supply based on multiple rounds linear bidding.
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We present a multi-stage sequential auction mechanism of divisible goods under uniform price. • We explore the formation process and composition of equilibrium ...
Uniform-price auctions are known to admit multiple equilibria, while discriminatory auctions admit unique equilibria. I show that equilibrium multiplicity ...
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For this mechanism, we explore the formation process and composition of equilibrium points in each stage auction, and discuss the optimal strategy selection for ...
In this paper, the problem of multi-attribute procurement auction of divisible goods is investigated, and an optimal mechanism of multi-attribute auction, ...
For a buyer of a single unit, marginal cost equals price. However, for a buyer of multiple units in a uniform-price auction, marginal cost may exceed price.