Optimal strategies for bidding agents participating in simultaneous Vickrey auctions with perfect substitutes
We derive optimal strategies for a bidding agent that participates in multiple, simultaneous second-price auctions with perfect substitutes. We prove that, if everyone else bids locally in a single auction, the global bidder should always place non-zero bids in all available auctions, provided there...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
2008-08-08.
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| Subjects: | |
| Online Access: | Get fulltext |