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Simulations of Sequential Auction Markets Using Priced Options to Reduce Bidder Exposure
| Content Provider | Semantic Scholar |
|---|---|
| Author | Mous, I. M. Robu, Valentin Poutré, Johannes A. La |
| Copyright Year | 2010 |
| Abstract | This paper studies the benefits of using priced options for solving the exposure problem that bidders with valuation synergies face in sequential auctions. We consider a model in which complementary-valued items are auctioned sequentially by different sellers, who have the choice of either selling their good directly or through a priced option, after fixing its exercise price. We analyze this model from a decision-theoretic perspective and we show, for a setting where the competition is formed by local bidders, that using options can increase the expected profit for both buyers and sellers. |
| File Format | PDF HTM / HTML |
| DOI | 10.1007/978-3-642-15612-0_1 |
| Alternate Webpage(s) | https://page-one.springer.com/pdf/preview/10.1007/978-3-642-15612-0_1 |
| Alternate Webpage(s) | https://doi.org/10.1007/978-3-642-15612-0_1 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |
