Are there any cultural biases that might influence bidding behavior?

Author(s): Garratt, Rodney J.; Wooders, John | Abstract: Experiments on second-price sealed-bid private value auctions have established that subjects ... Dec 21, 2020 ... Benny Moldovanu and Manfred Tietzel offer an overview of a couple of episodes in \”Goethe\'s Second‐Price Auction\” (Journal of Political ... Mar 4, 2024 ... If a buyer targeting the deal submits a bid higher than the deal's ask price and higher than any other private auction bids, that buyer wins the ... Sep 12, 2019 ... How does Criteo handle first-price, second-price, and hybrid auctions? As an early pioneer of header bidding with its own monetizing technology ... May 6, 2016 ... Without transparency in second-price auctions, exchanges can potentially submit fake bids or deliberately manipulate clearing prices without ... Nov 14, 2019 ... In this paper, we study the non-stationary online second price auction problem. We assume that the seller is selling the same type of items in T rounds by the ... We investigate the "generalized second-price" (GSP) auction, a new mechanism used by search engines to sell online advertising. Aug 21, 2023 ... In the first-price auction, the winner pays us what they offered as their bid. The type of auction gives a lot of transparency, advertisers know exactly how ... Oct 24, 2024 ... In a first-price auction setting, the minimum bids don't directly sway the final auction prices. Yet, they do play a role in shaping how bidders ... Feb 10, 2025 ... By combining Roundel's second-price auction model with Skai's commerce media platform, brands can ensure their retail media investments are ...