A Mathematical Programming Approach to Optimal Design of Dutch Auctions

被引：0
|
作者：
Li, Zhen [1 ]
Kuo, Ching-Chung [1 ]
机构：
[1] Univ N Texas, Dept Management, Denton, TX 76203 USA
来源：
PROCEEDINGS OF THE FOURTH INTERNATIONAL CONFERENCE ON OPERATIONS AND SUPPLY CHAIN MANAGEMENT (ICOSCM 2010) | 2010年 / 4卷
关键词：
Auction design; Dutch auction; Discrete bids;
D O I：
暂无
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This paper is concerned with optimal design of Dutch auctions in which the bid levels are restricted to a finite set of values. We formulate this auctioning problem as a constrained nonlinear program and solve it with an aim to maximize the auctioneer's average revenue. Additionally, some important properties of the optimal bid levels as well as the maximum expected revenue are presented.
引用
收藏
页码：452 / 453
页数：2
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