Optimal Dynamic Auctions are Virtual Welfare Maximizers

national conference on artificial intelligence, 2019.

Cited by: 5|Views58
EI

Abstract:

We are interested in the setting where a seller sells sequentially arriving items, one per period, via a dynamic auction. At the beginning of each period, each buyer draws a private valuation for the item to be sold in that period and this valuation is independent across buyers and periods. The auction can be dynamic in the sense that the...More

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