THE MULTIDIMENSIONAL AUCTIONS WITH ASYMMETRIC SUPPLIERS

	THE MULTIDIMENSIONAL AUCTIONS WITH ASYMMETRIC SUPPLIERS
	Chen, Zhe 2; Chen, Guang-Ya 1
刊名	JOURNAL OF NONLINEAR AND CONVEX ANALYSIS
	2020
卷号	21 期号:5 页码:1047-1065
关键词	Multidimensional auctions asymmetric suppliers bidding behavior revenue equivalence stochastic dominance
ISSN号	1345-4773
英文摘要	In this paper, we focus on how the outcomes of multidimensional auctions are affected by the setting of asymmetric suppliers. We investigate the bidding behavior of suppliers via equilibrium bid response functions, and find that the quality choices of suppliers are not changed by the asymmetry. We prove that the "weak" supplier prefers the first-score auction in contrast that the "strong" supplier is more profitable in the second-score auction. Furthermore our main results indicate that the revenue equivalence of standard multidimensional auctions no longer holds, and the first-score auction yields higher expected utility for a buyer than the second-score auction does. Our model extends the classical multidimensional auctions to accommodate the feature of heterogeneous suppliers. Some new and different findings are also obtained in this paper.
资助项目	National Science Foundation of China[71471122] ; National Social Science Foundation of China[18BJY093] ; Social Science Research Grants of Sichuan University[skqx201601] ; Research Grants of the Key Lab of Operations Research and System Engineering of Chongqing
WOS研究方向	Mathematics
语种	英语
出版者	YOKOHAMA PUBL
WOS记录号	WOS:000544585000006
内容类型	期刊论文
源URL	[http://ir.amss.ac.cn/handle/2S8OKBNM/51714]
专题	中国科学院数学与系统科学研究院
通讯作者	Chen, Zhe
作者单位	1.Chinese Acad Sci, Acad Math & Syst Sci, Beijing 100190, Peoples R China 2.Sichuan Univ, Business Sch, Chengdu 610065, Peoples R China
推荐引用方式 GB/T 7714	Chen, Zhe,Chen, Guang-Ya. THE MULTIDIMENSIONAL AUCTIONS WITH ASYMMETRIC SUPPLIERS[J]. JOURNAL OF NONLINEAR AND CONVEX ANALYSIS,2020,21(5):1047-1065.
APA	Chen, Zhe,&Chen, Guang-Ya.(2020).THE MULTIDIMENSIONAL AUCTIONS WITH ASYMMETRIC SUPPLIERS.JOURNAL OF NONLINEAR AND CONVEX ANALYSIS,21(5),1047-1065.
MLA	Chen, Zhe,et al."THE MULTIDIMENSIONAL AUCTIONS WITH ASYMMETRIC SUPPLIERS".JOURNAL OF NONLINEAR AND CONVEX ANALYSIS 21.5(2020):1047-1065.