Heavy Tails Make Happy Buyers

In a second-price auction with i.i.d. (independent identically distributed) bidder valuations, adding bidders increases expected buyer surplus if the distribution of valuations has a sufficiently heavy right tail. While this does not imply that a bidder in an auction should prefer for more bidders t...

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Bibliographische Detailangaben

1. Verfasser:	Bax, Eric
Format:	Artikel
Sprache:	eng
Schlagworte:	Computer Science - Computer Science and Game Theory Statistics - Applications
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