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Stationary Sequential Auctions

descriptionPublicationkeyboard_double_arrow_right Article , Other literature type 01 Jan 2000 English Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068, Copyright policy )
Authors: Haim Reisman;

doi: 10.2139/ssrn.238773

Stationary Sequential Auctions

Abstract

The paper derives an optimal bidding strategy for a person that wishes to buy a product, e.g., a TV set, by bidding repeatedly in a sequence of second price auctions for such product until winning. This optimal bidding strategy depends on the distribution of the highest bid of the other bidders, and the cost to the bidder from not owning the product until winning. This is different from the standard results in which it is optimal to bid the highest price you are willing to pay.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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