Powered by OpenAIRE graph
Found an issue? Give us feedback
addClaim

Buyer-Optimal Distribution

Authors: Weiran Shen; Pingzhong Tang; Yulong Zeng;

Buyer-Optimal Distribution

Abstract

We consider the problem of how a buyer can optimize his utility if he can choose his own valuation distribution in a prior-dependent auction, such as the revenue-optimal auction. The problem is motivated by and equivalent to a type of the market segmentation problem, where a principal tries to select a subset of agents (i.e., a market segment) from the set of all agents, each with a constant valuation, to attend a posted price auction for selling multiple identical items, in order to maximize the total utilities of the agents selected into the market segment. Our results are closed-form solutions in both the single buyer case as well as the multi-buyer case where several buyers best response to each other. Interestingly, in the two-buyer case, essentially all commitments that satisfy a certain condition are equilibria.

Related Organizations
  • BIP!
    Impact byBIP!
    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).
    0
    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.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
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!
0
Average
Average
Average
Upload OA version
Are you the author of this publication? Upload your Open Access version to Zenodo!
It’s fast and easy, just two clicks!