Evolutionary stability in the generalized second-price auction
The “generalized second-price auction” is widely employed to sell internet advertising positions and has many equilibria. Analysis of this auction has assumed that myopic players commonly know each others’ position values, and that the resulting equilibrium play is “locally envy-free”. Here, I argue...
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| Format: | Journal article |
| Sprache: | English |
| Veröffentlicht: |
Springer
2019
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