k-price auctions and Combination auctions
Mathematical Finance
2019-03-06 v3 Computer Science and Game Theory
General Economics
Economics
Abstract
We provide an exact analytical solution of the Nash equilibrium for - price auctions. We also introduce a new type of auction and demonstrate that it has fair solutions other than the second price auctions, therefore paving the way for replacing second price auctions.
Cite
@article{arxiv.1810.03494,
title = {k-price auctions and Combination auctions},
author = {Martin Mihelich and Yan Shu},
journal= {arXiv preprint arXiv:1810.03494},
year = {2019}
}
Comments
12 pages. All comments are welcome