科技报告详细信息
Equilibrium Bidding in Copula Models of First Price Auctions | |
Guler, Kemal | |
HP Development Company | |
关键词: auctions; equilibrium bidding strategies; affiliation; copulae; | |
RP-ID : HPL-2002-357 | |
学科分类:计算机科学(综合) | |
美国|英语 | |
来源: HP Labs | |
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【 摘 要 】
We present a model of sealed-bid first-price auctions with affiliated private values (APV) where dependence of valuations is represented by a copula. We derive the equilibrium bidding strategies in a symmetric model with risk-neutral and risk-averse bidders.
【 预 览 】
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