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k-price auctions and Combination auctions

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  • Martin Mihelich
  • Yan Shu

Abstract

We provide an exact analytical solution of the Nash equilibrium for $k$- 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.

Suggested Citation

  • Martin Mihelich & Yan Shu, 2018. "k-price auctions and Combination auctions," Papers 1810.03494, arXiv.org, revised Mar 2019.
    • Handle: RePEc:arx:papers:1810.03494
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    References listed on IDEAS

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    1. Eric Maskin, 2004. "The Unity of Auction Theory: Paul Milgrom's Masterclass," Economics Working Papers 0044, Institute for Advanced Study, School of Social Science.
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    6. Robert B. Wilson, 2021. "Strategic Analysis of Auctions," Econometrica, Econometric Society, vol. 89(2), pages 555-561, March.
    7. Wolfstetter, Elmar, 1995. "Third- and higher-price auctions," SFB 373 Discussion Papers 1996,3, Humboldt University of Berlin, Interdisciplinary Research Project 373: Quantification and Simulation of Economic Processes.
    8. Klemperer, Paul, 1999. " Auction Theory: A Guide to the Literature," Journal of Economic Surveys, Wiley Blackwell, vol. 13(3), pages 227-86, July.
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