Approximations to auctions of digital goods with share-averse bidders
We consider the case of a digital product for share-averse bidders, where the product can be sold to multiple buyers who experience some disutility from other firms or consumers owning the same product. We model the problem of selling a digital product to share-averse bidders as an auction and apply...
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Veröffentlicht in: | Electronic commerce research and applications 2014-03, Vol.13 (2), p.128-138 |
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Hauptverfasser: | , , |
Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | We consider the case of a digital product for share-averse bidders, where the product can be sold to multiple buyers who experience some disutility from other firms or consumers owning the same product. We model the problem of selling a digital product to share-averse bidders as an auction and apply a Bayesian optimal mechanism design. We also design constant-approximation algorithms in the prior-free setting including both average- and worst-case analyses. |
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ISSN: | 1567-4223 1873-7846 |
DOI: | 10.1016/j.elerap.2013.11.001 |