Least unmatched price auctions: a first approach

Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly, they are also applied in internet trading. In these auctions the lowest single (unique) bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize, bidding cost and the...

Ausführliche Beschreibung

Gespeichert in:
Bibliographische Detailangaben
Hauptverfasser: Eichberger, Jürgen (VerfasserIn) , Vinogradov, Dmitri V. (VerfasserIn)
Dokumenttyp: Book/Monograph Arbeitspapier
Sprache:Englisch
Veröffentlicht: Heidelberg University of Heidelberg, Department of Economics July 2008
Schriftenreihe:Discussion paper series / Universität Heidelberg, Department of Economics no. 471
In: Discussion paper series (no. 471)

Schlagworte:
Online-Zugang:Resolving-System, Volltext: http://hdl.handle.net/10419/127294
Verlag, Volltext: http://www.awi.uni-heidelberg.de/with2/Discussion%20papers/papers/dp471.pdf
Volltext
Verfasserangaben:Jürgen Eichberger and Dmitri Vinogradov

MARC

LEADER 00000cam a2200000 c 4500
001 576917729
003 DE-627
005 20251028120804.0
007 cr uuu---uuuuu
008 080904s2008 gw |||||o 00| ||eng c
024 7 |a 10419/127294  |2 hdl 
035 |a (DE-627)576917729 
035 |a (DE-576)9576917727 
035 |a (DE-599)GBV576917729 
035 |a (OCoLC)837113293 
040 |a DE-627  |b ger  |c DE-627  |e rda 
041 |a eng 
044 |c XA-DE 
084 |a 17  |2 sdnb 
084 |a C71  |a C93  |a D01  |a D81  |2 jelc 
100 1 |a Eichberger, Jürgen  |d 1952-  |e VerfasserIn  |0 (DE-588)129508292  |0 (DE-627)470648538  |0 (DE-576)160838681  |4 aut 
245 1 0 |a Least unmatched price auctions  |b a first approach  |c Jürgen Eichberger and Dmitri Vinogradov 
264 1 |a Heidelberg  |b University of Heidelberg, Department of Economics  |c July 2008 
300 |a 1 Online-Ressource (circa 35 Seiten)  |b Illustrationen 
336 |a Text  |b txt  |2 rdacontent 
337 |a Computermedien  |b c  |2 rdamedia 
338 |a Online-Ressource  |b cr  |2 rdacarrier 
490 1 |a Discussion paper series / Universität Heidelberg, Department of Economics  |v no. 471 
520 |a Least-Unmatched Price Auctions have become a popular format of TV and radio shows. Increasingly, they are also applied in internet trading. In these auctions the lowest single (unique) bid wins. We analyze the game-theoretic solution of least unmatched price auctions when prize, bidding cost and the number of participants are known. We use a large data-set of such auctions in order to contrast actual behavior of players with game-theoretic predictions. In the aggregate, bidding behaviour seems to conform with a Nash equilibrium in mixed strategies. 
538 |a Systemvoraussetzungen: Acrobat Reader. 
650 7 |8 1.1\x  |a Auktionstheorie  |0 (DE-627)091348404  |0 (DE-2867)10138-0  |2 stw 
650 7 |8 1.2\x  |a Glücksspiel  |0 (DE-627)091364124  |0 (DE-2867)13354-0  |2 stw 
650 7 |8 1.3\x  |a Spieltheorie  |0 (DE-627)091390885  |0 (DE-2867)15458-6  |2 stw 
650 7 |8 1.4\x  |a Experiment  |0 (DE-627)091358795  |0 (DE-2867)19038-1  |2 stw 
650 4 |a games  |7 (dpeaa)DE-206 
650 4 |a experiments  |7 (dpeaa)DE-206 
655 4 |0 (DE-206)24  |a Arbeitspapier  |5 DE-206 
655 4 |0 (DE-206)34  |a Graue Literatur  |5 DE-206 
700 1 |a Vinogradov, Dmitri V.  |d 1972-  |e VerfasserIn  |0 (DE-588)132288796  |0 (DE-627)520407962  |0 (DE-576)299054144  |4 aut 
810 2 |a Universität Heidelberg  |b Wirtschaftswissenschaftliche Fakultät  |t Discussion paper series  |v no. 471  |9 47100  |w (DE-627)505754274  |w (DE-576)281296995  |w (DE-600)2217357-2  |7 am 
856 4 0 |u http://hdl.handle.net/10419/127294  |x Resolving-System  |3 Volltext 
856 4 0 |u http://www.awi.uni-heidelberg.de/with2/Discussion%20papers/papers/dp471.pdf  |x Verlag  |3 Volltext 
951 |a BO 
992 |a 20251028 
993 |a WorkingPaper 
994 |a 2008 
998 |g 129508292  |a Eichberger, Jürgen  |m 129508292:Eichberger, Jürgen  |d 180000  |d 181000  |e 180000PE129508292  |e 181000PE129508292  |k 0/180000/  |k 1/180000/181000/  |p 1  |x j 
999 |a KXP-PPN576917729  |e 4792231051 
BIB |a Y 
JSO |a {"language":["eng"],"recId":"576917729","physDesc":[{"extent":"1 Online-Ressource (circa 35 Seiten)","noteIll":"Illustrationen"}],"type":{"bibl":"book","media":"Online-Ressource"},"relMultPart":[{"dispAlt":"Universität Heidelberg / Wirtschaftswissenschaftliche Fakultät: Discussion paper series","physDesc":[{"extent":"Online-Ressource"}],"origin":[{"dateIssuedDisp":"2000-2020","dateIssuedKey":"2000","publisher":"[Verlag nicht ermittelbar]","publisherPlace":"Heidelberg"}],"id":{"eki":["505754274"],"zdb":["2217357-2"],"hdl":["10419/127204"]},"pubHistory":["Nr. 326.2000-no. 691 (2020)"],"titleAlt":[{"title":"AWI discussion paper series"},{"title":"Discussion papers online"}],"part":{"number_sort":["47100"],"number":["no. 471"]},"disp":"Discussion paper series / Universität Heidelberg, Department of Economics","type":{"media":"Online-Ressource","bibl":"serial"},"note":["Frühere Jahrgänge online nicht mehr verfügbar","Gesehen am 01.12.2020"],"recId":"505754274","language":["ger","eng"],"corporate":[{"role":"aut","display":"Universität Heidelberg","roleDisplay":"VerfasserIn"},{"role":"isb","roleDisplay":"Herausgebendes Organ","display":"Alfred-Weber-Institut für Wirtschaftswissenschaften"}],"title":[{"title_sort":"Discussion paper series / University of Heidelberg, Department of Economics","title":"Discussion paper series / University of Heidelberg, Department of Economics"}]}],"person":[{"family":"Eichberger","given":"Jürgen","roleDisplay":"VerfasserIn","display":"Eichberger, Jürgen","role":"aut"},{"family":"Vinogradov","given":"Dmitri V.","display":"Vinogradov, Dmitri V.","roleDisplay":"VerfasserIn","role":"aut"}],"name":{"displayForm":["Jürgen Eichberger and Dmitri Vinogradov"]},"id":{"hdl":["10419/127294"],"eki":["576917729"]},"origin":[{"dateIssuedDisp":"July 2008","publisher":"University of Heidelberg, Department of Economics","dateIssuedKey":"2008","publisherPlace":"Heidelberg"}],"title":[{"title_sort":"Least unmatched price auctions","subtitle":"a first approach","title":"Least unmatched price auctions"}]} 
SRT |a EICHBERGERLEASTUNMAT2008