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
Hauptverfasser: Pei, Jinxiang, Klabjan, Diego, Xie, Wei
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.
ISSN:1567-4223
1873-7846
DOI:10.1016/j.elerap.2013.11.001