What are the ethical considerations related to the use of AI in auction markets?

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 ... In 1797Johann Wolfgang von Goethe sold a manuscript through a second-price auction. We investigate Goethe's motivation in the context of the late eighteenth ... Such signals change bidders' perception about the 'strength' of their opponent, and the relationship between bidders' perception of their opponent and ... First-Price Auction: Digital buying model where if your bid wins, you pay exactly what you bid. This maximizes revenue potential for the seller. Aug 21, 2023 ... In the first-price auction, the winner pays us what they offered as their bid. The type of auction gives a lot of transparency, advertisers know exactly how ... This paper analyzes the effects of buyer and seller risk aversion in first and second-price auctions. With multiple positions available,. GSP generalizes the second-price auction (hence the name). Here, each advertiser pays the next highest advertiser's bid. But ... With only two positions, this condition requires that the click–through rate of the second position is sufficiently smaller than that of the first. When an ... Internet Advertising and the Generalized Second Price Auction: Selling Billions of Dollars Worth of Keywords ... We investigate the “generalized second price” ... (Roughgarden and Wang 2016) studies the online second price auction with bidder specific reserve price. However, they need to use all the bidding information, ...