How is the winner determined in case of tied bids in a second-price auction?

Aug 22, 2013 ... In single-item auctions, we show that an auction rule satisfies weak efficiency, strategy-proofness, and non-imposition if and only if it is ... Such signals change bidders' perception about the 'strength' of their opponent, and the relationship between bidders' perception of their opponent and ... 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 6, 2016 ... Without transparency in second-price auctions, exchanges can potentially submit fake bids or deliberately manipulate clearing prices without ... Mar 6, 2023 ... Amazon using the second-price auction appears to be an assumption. It's assumed based on the fact that we know they don't use first-auction. In these auctions, the highest bidder wins but only pays the amount of the second-highest bid. How does a Second Price Auction Work? second-price-auction. Aug 18, 2021 ... The second price auction has been the prevalent auction format used by advertising exchanges because of its simplicity and desir- able ... Internet Advertising and the Generalized Second Price Auction: Selling Billions of Dollars Worth of Keywords ... We investigate the “generalized second price” ... 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 ... In this paper we consider the revenue of this auction at equilibrium. We prove that if agent values are drawn from identical regular distributions, then the GSP ...