What are the design considerations for cap-and-trade systems that use auctions?

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 ... First-Price Auction: Digital buying model where if your bid wins, you pay exactly what you bid. This maximizes revenue potential for the seller. Nov 14, 2005 ... Internet Advertising and the Generalized Second Price Auction: Selling Billions of Dollars Worth of Keywords ... We investigate the "generalized ... 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. Feb 12, 2025 ... Roundel Media Studio moved to a second-price auction model for Target Product Ads officially on February 4, 2025. The retailer's transition from ... Jun 16, 2013 ... We consider the optimization of revenue in advertising auctions based on the generalized second-price (GSP). 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 ... We investigate the "generalized second-price" (GSP) auction, a new mechanism used by search engines to sell online advertising. 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 ... Apr 2, 2021 ... In this episode I introduce the second price auction, also known as Vickrey auction. I also explain how we can see this auction game as a ...