How can the design of an auction be modified to address ethical concerns?

Apr 1, 2017 ... Second Price Auction with Reserve Prices - Expected Payment of Winner · Both players bid under r and there is no winner, therefore, expected ... Jun 13, 2024 ... A second price auction is when everyone submits bits as before, and the highest bidder wins, but pays the price of the second highest bidder. An ... In 1797 Johann Wolfgang von Goethe sold a manuscript through a second-price auction. We investigate Goethe's motivation in the context of the late eighteenth ... Sep 25, 2024 ... Google's AdExchange is finally joining the pack and migrating to a first price auction where the advertiser with the highest bid will pay the bid price. ... auction. As is the case with all games, the ... Mental processes and strategic equilibration: An fMRI study of selling strategies in second price auctions. This paper analyzes the effects of buyer and seller risk aversion in first and second-price auctions. Sep 29, 2017 ... Game theorists generally believe that second price auctions (the Vickrey Auction) are actually the best choice for both buyers and sellers. Oct 19, 2022 ... We study reserve price optimization in multi-phase second price auctions, where seller's prior actions affect the bidders' later valuations ... Sep 9, 2024 ... 2. Second price auction: the winner pays the second highest bid (e.g. eBay). If i∗ = arg maxi bi then p = maxi̸= ... 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.