Generalized second price auction is optimal for discrete types
dc.citation.epage | 38 | en_US |
dc.citation.spage | 35 | en_US |
dc.citation.volumeNumber | 141 | en_US |
dc.contributor.author | Bayrak, H. I. | en_US |
dc.contributor.author | Pınar, M. Ç. | en_US |
dc.date.accessioned | 2018-04-12T10:55:23Z | |
dc.date.available | 2018-04-12T10:55:23Z | |
dc.date.issued | 2016 | en_US |
dc.department | Department of Industrial Engineering | en_US |
dc.description.abstract | We prove that a variant of the second price auction for the sale of a single good through a Bayesian incentive compatible mechanism that maximizes expected revenue of the seller is optimal when the type space is discrete. Moreover, we show that this variant is related to the widely used generalized second price auction mechanism in keyword-auctions for advertising, thus providing a theoretical justification for a practical tool. | en_US |
dc.description.provenance | Made available in DSpace on 2018-04-12T10:55:23Z (GMT). No. of bitstreams: 1 bilkent-research-paper.pdf: 179475 bytes, checksum: ea0bedeb05ac9ccfb983c327e155f0c2 (MD5) Previous issue date: 2016 | en |
dc.identifier.doi | 10.1016/j.econlet.2016.01.019 | en_US |
dc.identifier.eissn | 1873-7374 | |
dc.identifier.issn | 0165-1765 | |
dc.identifier.uri | http://hdl.handle.net/11693/36848 | |
dc.language.iso | English | en_US |
dc.publisher | Elsevier | en_US |
dc.relation.isversionof | http://dx.doi.org/10.1016/j.econlet.2016.01.019 | en_US |
dc.source.title | Economics Letters | en_US |
dc.subject | Implementation | en_US |
dc.subject | Linear programming | en_US |
dc.subject | Online advertising | en_US |
dc.subject | Optimal auction design | en_US |
dc.subject | Second price auction with reserve | en_US |
dc.subject | Submodular functions | en_US |
dc.title | Generalized second price auction is optimal for discrete types | en_US |
dc.type | Article | en_US |
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