Bidder''s choice, Game Theory

 

A multiunit auction mechanism for assigning heterogeneous (different) objects. The highest bidder in the first round selects one item among those offered for sale. Then, a second round commences in which all but the previously chosen item are available. The auction continues for as many rounds as there are items.

 

Posted Date: 7/21/2012 5:28:29 AM | Location : United States







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