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Please use this identifier to cite or link to this item: https://dspace.lboro.ac.uk/2134/13564

Title: Sequential auctions for common value objects with budget constrained bidders
Authors: Fatima, Shaheen
Wooldridge, Michael
Jennings, Nicholas R.
Issue Date: 2010
Publisher: © IOS Press
Citation: FATIMA, S.S., WOOLDRIDGE, M. and JENNINGS, N.R., 2010. Sequential auctions for common value objects with budget constrained bidders. Multi-agent and Grid System, 6 (5,6), pp. 403 - 414.
Abstract: This paper analyzes sequential auctions for budget constrained bidders, for multiple heterogeneous common value objects. In most auctions, bidders not only have valuations for objects but also have budget constraints (i.e., constraints on how much they can actually spend in an auction). Given these constraints, the bidders' problem is to determine how much to bid in each auction. To this end, this paper analyzes the strategic behavior of bidders and determines the equilibrium bidding strategies for the individual auctions that constitute a series. We do this in an incomplete information setting where the bidders are uncertain about their budget constraints, and obtain equilibrium bidding strategies for the participants in individual auctions in a series.
Description: This article was published in the journal, Multiagent and Grid Systems [© IOS Press] and the definitive version is available at: http://dx.doi.org/10.3233/MGS-2010-0158
Version: Accepted for publication
DOI: 10.3233/MGS-2010-0158
URI: https://dspace.lboro.ac.uk/2134/13564
Publisher Link: http://dx.doi.org/10.3233/MGS-2010-0158
ISSN: 1574-1702
Appears in Collections:Published Articles (Computer Science)

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