What are the connections between auction theory and other areas of economics?

We present results from second price private value auction (SPA) experiments where bidders may receive noisy signals about their opponents value. Such ... Oct 24, 2019 ... A second-price auction is the auction where the winner of the auction pays not his own bid but the second highest bid. Apr 22, 2021 ... First-Price vs Second-Price Auction. The main difference between first-price and second-price auctions is that in a second-price auction, ... 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 ... 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 ... Aug 18, 2021 ... The second price auction has been the prevalent auction format used by advertising exchanges because of its simplicity and desir- able ... Such signals change bidders' perception about the 'strength' of their opponent, and the relationship between bidders' perception of their opponent and ... With multiple positions available,. GSP generalizes the second-price auction (hence the name). Here, each advertiser pays the next highest advertiser's bid. But ... 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 ... Proposition 1 In a second price auction, it is a weakly dominant strategy to bid one's value, bi(si) = si. Proof. Suppose i's value is si, and she considers ...