What are the ethical implications of using auctions to allocate essential goods or services?

Mar 4, 2024 ... If a buyer targeting the deal submits a bid higher than the deal's ask price and higher than any other private auction bids, that buyer wins the ... Apr 25, 2022 ... We describe a popular way in which search engine runs these auctions to determine to final price that an advertiser pays when a click occurs, the Generalized ... 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 ... With only one slot, GSP is identical to the standard second price auction (a.k.a. Vickrey, VCG). • With multiple slots, the mechanisms are different. – GSP ... May 10, 2019 ... Google Ad Manager will be transitioning to a unified, first price auction this year. This change will simplify our publisher platform and create a fair and ... In a second price auction model, the ad impression still goes to the highest bidder, just not at the cost of the initial bid in the real-time bidding. Instead, ... We propose a new auction format called the boosted second-price auction, which favors bidders with lower inverse hazard rates (IHRs), roughly speaking, bidders ... Nov 4, 2024 ... First price auctions offer a clearer sense of what your ad inventory is worth because the winning bid is exactly what you get paid. 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 ... Apr 9, 2007 ... Independent Private Value Auctions: Bidder Behaviour in First-, Second- and. Third-Price Auctions with Varying Numbers of Bidders. John H ...