2018/09/26 by Martin Mihelich, Mihelich, Martin, Shu, Yan
Business, Management and Accounting · Decision Sciences · #Auction Theory and Applications #Computer Science and Game Theory (cs.GT) #Consumer Market Behavior and Pricing #FOS: Computer and information sciences #FOS: Economics and business #Game Theory and Applications #General Economics (econ.GN) #Mathematical Finance (q-fin.MF)
paper · pdf · doi:10.48550/arxiv.1810.03494
openalex publication_date 2018/09/26 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
We provide an exact analytical solution of the Nash equilibrium for k- price auctions. We also introduce a new type of auction and demonstrate that it has fair solutions other than the second price auctions, therefore paving the way for replacing second price auctions.