Article ID Journal Published Year Pages File Type
10524016 Operations Research Letters 2005 4 Pages PDF
Abstract
The expected rent in a reverse (buyer's) auction is shown to be monotonically nonincreasing in the number of bidders if the distribution of valuations is DRHR (IFR). Conditions under which an increase in the spread of bids results in an increase in the expected rent are established as well.
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Related Topics
Physical Sciences and Engineering Mathematics Discrete Mathematics and Combinatorics
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A note on expected rent in auction theory
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