Revenue implications of choosing discrete bid levels in a Japanese-English auction
Autor(a) principal: | |
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Data de Publicação: | 2023 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.14/42402 |
Resumo: | We consider the set-up of a Japanese-English auction with exogenously fixed discrete bid levels for a specific game (the wallet game with two bidders, following Goncalves and Ray in Econ Lett 159:177-179, 2017). We show that in this auction, partition equilibria exist that may be separating or pooling. We illustrate separating and pooling equilibria in games with two and three discrete bid levels and compare the revenues of the seller from these equilibria to find the optimal bid levels for these cases. |
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Revenue implications of choosing discrete bid levels in a Japanese-English auctionDiscrete bidsJapanese-English auctionsPartitionsPooling equilibriumSeller's revenueSeparating equilibriumWallet gameWe consider the set-up of a Japanese-English auction with exogenously fixed discrete bid levels for a specific game (the wallet game with two bidders, following Goncalves and Ray in Econ Lett 159:177-179, 2017). We show that in this auction, partition equilibria exist that may be separating or pooling. We illustrate separating and pooling equilibria in games with two and three discrete bid levels and compare the revenues of the seller from these equilibria to find the optimal bid levels for these cases.Veritati - Repositório Institucional da Universidade Católica PortuguesaGonçalves, RicardoRay, Indrajit2023-09-15T16:59:17Z2023-07-292023-07-29T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.14/42402eng1434-474210.1007/s10058-023-00337-785175116668001039119600001info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-11-07T01:33:07Zoai:repositorio.ucp.pt:10400.14/42402Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T20:29:36.498607Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
Revenue implications of choosing discrete bid levels in a Japanese-English auction |
title |
Revenue implications of choosing discrete bid levels in a Japanese-English auction |
spellingShingle |
Revenue implications of choosing discrete bid levels in a Japanese-English auction Gonçalves, Ricardo Discrete bids Japanese-English auctions Partitions Pooling equilibrium Seller's revenue Separating equilibrium Wallet game |
title_short |
Revenue implications of choosing discrete bid levels in a Japanese-English auction |
title_full |
Revenue implications of choosing discrete bid levels in a Japanese-English auction |
title_fullStr |
Revenue implications of choosing discrete bid levels in a Japanese-English auction |
title_full_unstemmed |
Revenue implications of choosing discrete bid levels in a Japanese-English auction |
title_sort |
Revenue implications of choosing discrete bid levels in a Japanese-English auction |
author |
Gonçalves, Ricardo |
author_facet |
Gonçalves, Ricardo Ray, Indrajit |
author_role |
author |
author2 |
Ray, Indrajit |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Veritati - Repositório Institucional da Universidade Católica Portuguesa |
dc.contributor.author.fl_str_mv |
Gonçalves, Ricardo Ray, Indrajit |
dc.subject.por.fl_str_mv |
Discrete bids Japanese-English auctions Partitions Pooling equilibrium Seller's revenue Separating equilibrium Wallet game |
topic |
Discrete bids Japanese-English auctions Partitions Pooling equilibrium Seller's revenue Separating equilibrium Wallet game |
description |
We consider the set-up of a Japanese-English auction with exogenously fixed discrete bid levels for a specific game (the wallet game with two bidders, following Goncalves and Ray in Econ Lett 159:177-179, 2017). We show that in this auction, partition equilibria exist that may be separating or pooling. We illustrate separating and pooling equilibria in games with two and three discrete bid levels and compare the revenues of the seller from these equilibria to find the optimal bid levels for these cases. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-09-15T16:59:17Z 2023-07-29 2023-07-29T00:00:00Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.14/42402 |
url |
http://hdl.handle.net/10400.14/42402 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
1434-4742 10.1007/s10058-023-00337-7 85175116668 001039119600001 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.source.none.fl_str_mv |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799133563496431616 |