What are the ethical responsibilities of economists and market designers in shaping the use of auction mechanisms?

Jun 25, 2023 ... Google has announced that its Ad Manager suite of products will be transitioning to the first-price auction model by the end of this year. Oct 13, 2023 ... What is RGSP? Google's Randomized Generalized Second-Price ad auctions explained · The highest bidder doesn't automatically win the ad auction. The Generalized Second Price (GSP) auction is the primary auction used for monetizing the use of the Internet. It is well-known that truthtelling is not a ... Sep 23, 2022 ... Then in first price auctions, the item being sold will go to the person with the highest bid and they will pay exactly what they had bid. In a ... 75.1. First-Price Sealed-Bid Auction (FPSB)# · If i bids exactly v i , she pays what she thinks it is worth and gathers no surplus value. · Buyer i will never ... (Roughgarden and Wang 2016) studies the online second price auction with bidder specific reserve price. However, they need to use all the bidding information, ... Apr 23, 2019 ... Second price auctions work similarly to auctions on sites like eBay. All advertisers bid on a publisher's inventory, but the winning bidder pays ... 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 ... Sep 30, 1999 ... Abstract. We present the Progressive Second Price auction, a new decen- tralized mechanism for allocation of variable-size shares of a ... Abstract. We consider equilibrium bidding behavior in a dynamic second price auction where agents have the option to increase bids at random times and values ...