A note on expected rent in auction theory

被引：29
|
作者：
Li, XH [1 ]
机构：
[1] Lanzhou Univ, Sch Math & Stat, Lanzhou 730000, Peoples R China
来源：
OPERATIONS RESEARCH LETTERS | 2005年 / 33卷 / 05期
基金：
中国国家自然科学基金;
关键词：
auction theory; DRHR; excess wealth order; expected rent; IFR;
D O I：
10.1016/j.orl.2004.09.010
中图分类号：
C93 [管理学]; O22 [运筹学];
学科分类号：
070105 ; 12 ; 1201 ; 1202 ; 120202 ;
摘要：
The expected rent in a reverse (buyer's) auction is shown to be monotonically nonincreasing in the number of bidders if the distribution of valuations is DRHR (IFR). Conditions under which an increase in the spread of bids results in an increase in the expected rent are established as well. (c) 2004 Published by Elsevier B.V.
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页码：531 / 534
页数：4
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