Can a second-price auction be used for selling services?

Each bidder places a bid. The highest bidder gets the first slot, the second-highest, the second slot and so on, but the highest bidder pays the price bid by ... Feb 12, 2010 ... From the historical perspective, Overture started using a mechanism that was a form of a "pay-your-bid" auction and that led to complicated ... May 31, 2022 ... This post is all about how a second-price auction works, how it affects advertisers, and some best practices on how to win second-price auctions. 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 27, 2023 ... With a second-price auction, the bidders set their maximum bids and only pay what they need to in order to win, based on the other bids. In a second price auction model, the ad impression still goes to the highest bidder, just not at the cost of the initial bid in the real-time bidding. Instead, ... auctions. The sell price in each auction is the second- highest bid, and the merchant knows the price at which the item was sold, ... Mar 25, 2019 ... Are there multiple equilibria in the second price auction? ... Suppose that n≥2 bidders compete in a second price auction. Each bidder i knows ... Dec 19, 2007 ... This article further studies ex ante efficient auctions in the setting of Stegeman (1996 Participation costs and efficient auctions, Journal of Economic Theory ... Apr 22, 2020 ... A new study has found that the move is more likely due to an industry-wide adoption of header bidding.