k-price auctions and Combination auctions
classification
💱 q-fin.MF
cs.GTecon.GNq-fin.EC
keywords
auctionspricesecondanalyticalauctioncombinationdemonstrateequilibrium
read the original abstract
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.
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