Related papers: $k$th price auctions and Catalan numbers
We consider the problem of finding the (unique) minimal Walrasian equilibrium price in multi-item, multi-unit auction models: there are multiple indivisible items for sale, with several units of each item, and a bidder may be interested in…
Simple Clock Auctions (SCA) are a mechanism commonly used in spectrum auctions to sell lots of frequency bandwidths. We study such an auction with one player having access to perfect information against straightforward bidders. When the…
We study equilibria in two-buyer sequential second-price (or first-price) auctions for identical goods. Buyers have weakly decreasing incremental values, and we make a behavioural no-overbidding assumption: the buyers do not bid above their…
We consider auctions with N+1 bidders. Of these, N are symmetric and N+1 is "sufficiently strong" relative to the others. The auction is a "tournament" in which the first N players bid to win the right to compete with N+1. The bids of the…
In this paper, we introduce two differential equations arising from the generating function of the Catalan numbers which are `inverses' to each other in some sense. From these differential equations, we obtain some new and explicit…
Traditional methods for computing equilibria in auctions become computationally intractable as auction complexity increases, particularly in multi-item and dynamic auctions. This paper introduces a self-play based reinforcement learning…
We study certain series with Catalan numbers and reciprocal Catalan numbers, respectively, and provide seemingly new closed form evaluations of these series with Fibonacci (Lucas) entries. In addition, we state some combinatorial sums that…
We establish combinatorial interpretations of several identities for the Catalan and Fine numbers and, along the way, we present some new bijections of independent interest. Briefly, we show that C_{n} = 1/(n+1) Sum_{k} (n+1)choose(2k+1)…
We study the computational complexity of computing Bayes-Nash equilibria in first-price auctions with discrete value distributions and discrete bidding space, under general subjective beliefs. It is known that such auctions do not always…
Bidding in simultaneous auctions is challenging because an agent's value for a good in one auction may depend on the uncertain outcome of other auctions: the so-called exposure problem. Given the gap in understanding of general simultaneous…
We define a weighted analog for the multidimensional Catalan numbers, obtain matrix-based recurrences for some of them, and give conditions under which they are periodic. Building on this framework, we introduce two new sequences of…
We present our results on Uniform Price Auctions, one of the standard sealed-bid multi-unit auction formats, for selling multiple identical units of a single good to multi-demand bidders. Contrary to the truthful and economically efficient…
Using duality theory techniques we derive simple, closed-form formulas for bounding the optimal revenue of a monopolist selling many heterogeneous goods, in the case where the buyer's valuations for the items come i.i.d. from a uniform…
The Generalized Second Price auction is the primary method by which sponsered search advertisements are sold. We study the performance of this auction under various equilibrium concepts. In particular, we demonstrate that the Bayesian Price…
A seller with one unit of a good faces N\geq3 buyers and a single competitor who sells one other identical unit in a second-price auction with a reserve price. Buyers who do not get the seller's good will compete in the competitor's…
In quasi-proportional auctions, the allocation is shared among bidders in proportion to their weighted bids. The auctioneer selects a bid weight function, and bidders know the weight function when they bid. In this note, we analyze how…
Equity auctions display several distinctive characteristics in contrast to continuous trading. As the auction time approaches, the rate of events accelerates causing a substantial liquidity buildup around the indicative price. This, in…
An and/or tree is usually a binary plane tree, with internal nodes labelled by logical connectives, and with leaves labelled by literals chosen in a fixed set of k variables and their negations. In the present paper, we introduce the first…
We present the new combinatorial class of product-coproduct prographs which are planar assemblies of two types of operators: products having two inputs and a single output and coproducts having a single input and two outputs. We show that…
We characterize the associative, idempotent, symmetric, and order-preserving operations on (finite) chains in terms of properties of (the Hasse diagram of) their associated semilattice order. In particular, we prove that the number of…