Bidding off the wall: why reserve prices may be kept secret

Article Abstract:

An example is used to show that sellers with random reservation values can improve their ex ante expected profits from common-value auctions via an auction policy that maintains the reserve price's secrecy. In traditional auctions, the reserve price is announced. A covert reserve price enables the seller to promote increased bidder participation. Therefore, secret reserve prices can increase the linkage of the price paid to the value of the purchased object.

Economic research, Letting of contracts, Competitive bidding, Auctions

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On two competing mechanism for priority-based allocation problems

Article Abstract:

A comparative analysis of agent-optimal stable mechanism and top trading cycles algorithm is presented. The two algorithms are used to solve priority-based allocation problems.

Mathematical optimization, Optimization theory

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Building as an optimal selling mechanism for a multiple-good monopolist

Article Abstract:

A price scheduling algorithm to boost the sales of multiple objects is developed taking customer choice into consideration.

Science & research, Pricing policies

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