Articles liés à Vickrey Auction: Auction, William Vickrey, English...
Vickrey Auction: Auction, William Vickrey, English Auction, Incentive compatibility, Uniform Price Auction - Couverture souple
Synopsis
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. A Vickrey auction is a type of sealed-bid auction, where bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins, but the price paid is the second-highest bid. The auction was created by William Vickrey. This type of auction is strategically similar to an English auction, and gives bidders an incentive to bid their true value. Vickrey''s original paper considered only auctions where a single, indivisible good is being sold. In this case, the terms Vickrey auction and second-price sealed-bid auction are equivalent, and are used interchangeably. When multiple identical units (or a divisible good) are being sold in a single auction, the most obvious generalization is to have all winning bidders pay the amount of the highest non-winning bid. This is known as a uniform price auction. The uniform-price auction does not, however, result in bidders bidding their true valuations as they do in a second-price auction unless each bidder has demand for only a single unit.
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Vickrey Auction
impression à la demandeVendeur : BuchWeltWeit Ludwig Meier e.K., Bergisch Gladbach, Allemagne
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Taschenbuch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -High Quality Content by WIKIPEDIA articles! A Vickrey auction is a type of sealed-bid auction, where bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins, but the price paid is the second-highest bid. The auction was created by William Vickrey. This type of auction is strategically similar to an English auction, and gives bidders an incentive to bid their true value. Vickrey's original paper considered only auctions where a single, indivisible good is being sold. In this case, the terms Vickrey auction and second-price sealed-bid auction are equivalent, and are used interchangeably. When multiple identical units (or a divisible good) are being sold in a single auction, the most obvious generalization is to have all winning bidders pay the amount of the highest non-winning bid. This is known as a uniform price auction. The uniform-price auction does not, however, result in bidders bidding their true valuations as they do in a second-price auction unless each bidder has demand for only a single unit. 80 pp. Englisch. N° de réf. du vendeur 9786131111068
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Vickrey Auction : Auction, William Vickrey, English Auction, Incentive compatibility, Uniform Price Auction
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Taschenbuch. Etat : Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - High Quality Content by WIKIPEDIA articles! A Vickrey auction is a type of sealed-bid auction, where bidders submit written bids without knowing the bid of the other people in the auction. The highest bidder wins, but the price paid is the second-highest bid. The auction was created by William Vickrey. This type of auction is strategically similar to an English auction, and gives bidders an incentive to bid their true value. Vickrey's original paper considered only auctions where a single, indivisible good is being sold. In this case, the terms Vickrey auction and second-price sealed-bid auction are equivalent, and are used interchangeably. When multiple identical units (or a divisible good) are being sold in a single auction, the most obvious generalization is to have all winning bidders pay the amount of the highest non-winning bid. This is known as a uniform price auction. The uniform-price auction does not, however, result in bidders bidding their true valuations as they do in a second-price auction unless each bidder has demand for only a single unit. N° de réf. du vendeur 9786131111068
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Vickrey Auction | Auction, William Vickrey, English Auction, Incentive compatibility, Uniform Price Auction
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Taschenbuch. Etat : Neu. Vickrey Auction | Auction, William Vickrey, English Auction, Incentive compatibility, Uniform Price Auction | Lambert M. Surhone (u. a.) | Taschenbuch | Englisch | 2026 | OmniScriptum | EAN 9786131111068 | Verantwortliche Person für die EU: preigu GmbH & Co. KG, Lengericher Landstr. 19, 49078 Osnabrück, mail[at]preigu[dot]de | Anbieter: preigu Print on Demand. N° de réf. du vendeur 113274013
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Vickrey Auction
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Taschenbuch. Etat : Neu. This item is printed on demand - Print on Demand Titel. Neuware -Please note that the content of this book primarily consists of articlesavailable from Wikipedia or other free sources online. A Vickrey auctionis a type of sealed-bid auction, where bidders submit written bidswithout knowing the bid of the other people in the auction. The highestbidder wins, but the price paid is the second-highest bid. The auctionwas created by William Vickrey. This type of auction is strategicallysimilar to an English auction, and gives bidders an incentive to bidtheir true value. Vickrey's original paper considered only auctionswhere a single, indivisible good is being sold. In this case, the termsVickrey auction and second-price sealed-bid auction are equivalent, andare used interchangeably. When multiple identical units (or a divisiblegood) are being sold in a single auction, the most obviousgeneralization is to have all winning bidders pay the amount of thehighest non-winning bid. This is known as a uniform price auction. Theuniform-price auction does not, however, result in bidders bidding theirtrue valuations as they do in a second-price auction unless each bidderhas demand for only a single unit.VDM Verlag, Dudweiler Landstraße 99, 66123 Saarbrücken 80 pp. Englisch. N° de réf. du vendeur 9786131111068
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