کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5077837 | 1477313 | 2015 | 52 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Lowest-Unmatched Price Auctions
ترجمه فارسی عنوان
مزایده قیمت پایین ترین و بی نظیر
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موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
چکیده انگلیسی
Lowest-Unmatched Price Auctions (LUPAs) specify that the lowest bid placed by only one participant wins. They are used in internet trading and TV and radio shows. We model LUPAs as games with minimal restrictions, in particular allowing players to place more than one bid, since multiple bids have been observed in most actual LUPAs. Though LUPAs are games for which a closed-form solution does not seem to exist in general, our model generates several testable implications about the type of strategies played in equilibrium and the highest bid in a given LUPA. Our analysis suggests that players follow strategic considerations and arrive at decisions which, at least in the aggregate, are generally consistent with theoretical predictions, yet there are some remarkable deviations.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Journal of Industrial Organization - Volume 43, November 2015, Pages 1-17
Journal: International Journal of Industrial Organization - Volume 43, November 2015, Pages 1-17
نویسندگان
Jürgen Eichberger, Dmitri Vinogradov,