The Winner’s Curse and Optimal Auction Bidding Strategies
Auctions are popular mechanisms for the exchange of goods and services in the marketplace. Common examples of items offered at auctions include real estate, mineral rights, construction contracts, agricultural products, United States Treasury bills, and government procurement contracts. Auctions are now even more commonplace in our personal lives, where online auction sites have made it possible for individuals to bid for and sell items en … [ Read more ]
Content: Article | Authors: Samuel L. Seaman PhD, Warren J. Hahn PE PhD | Source: Graziadio Business Report | Subjects: Management, Miscellaneous