How can interdisciplinary approaches (e.g., combining economics with computer science or psychology) enhance our understanding of second-price auctions and market design?

Jun 25, 2023 ... Google has announced that its Ad Manager suite of products will be transitioning to the first-price auction model by the end of this year. Jan 14, 2022 ... ... second-price” auctions to place ads across the web. In a second-price auction, the highest bidder wins, but only has to pay whatever the ... We present results from second price private value auction (SPA) experiments where bidders may receive noisy signals about their opponents value. Such ... May 10, 2023 ... In a first-price auction, the participant who submits the highest bid wins, and the winning bid is equal to the clearing price. May 6, 2016 ... Without transparency in second-price auctions, exchanges can potentially submit fake bids or deliberately manipulate clearing prices without ... Dec 17, 2008 ... Copies of working papers are available from the author. CPC/CPA Hybrid Bidding in a Second Price Auction. Benjamin Edelman. Hoan Soo Lee. We propose a new auction format called the boosted second-price auction, which favors bidders with lower inverse hazard rates (IHRs), roughly speaking, bidders ... Second price auction is a type of auction model used in programmatic advertising. As advertisers bid for ad impressions, the highest bidder wins — but there's a ... Nov 1, 2022 ... 2020). While these auctions sell different products, they both use the same auction mechanism, which is a second-price auction with a reserve ... The Generalized Second Price (GSP) auction is the primary auction used for monetizing the use of the Internet. It is well-known that truthtelling is not a ...