Results 1  10
of
1,852
The Effect of Bidders’ Asymmetries on Expected Revenue
 in Auctions.” Cowles Foundation Discussion Paper 1279
, 2000
"... COWLES FOUNDATION DISCUSSION PAPER NO. 1279 ..."
Table 1: Expected revenue 0 1
"... ) respectively This gives the state and action space as: The expected revenue is ( ) ∑ ( ) (). The calculated values are shown in Table 1 ..."
Abstract
 Add to MetaCart
) respectively This gives the state and action space as: The expected revenue is ( ) ∑ ( ) (). The calculated values are shown in Table 1
Combinatorial and Simultaneous Auction: A Pragmatic Approach to Tighter Bounds on Expected Revenue
, 2009
"... It is a common belief that combinatorial auctions provide good solutions to resourceallocation in multipleobject markets with synergies. In this work we adopt a pragmatic approach to examining the revenue bounds on combinatorial and simultaneous auctions. The theoretical bounds from our previous w ..."
Abstract
 Add to MetaCart
work utilize a large number of bidders in order to show that combinatorial auctions yield a higher expected revenue. It is reasonable to believe that the true bounds are much tighter. We argue that this is the indeed the case and that the firstprice combinatorial auction is revenue superior even when
private values · Exante heterogeneity · Expected revenues · Optimal reserve
"... Abstract We propose a powerful, fully automated, and numerically robust algorithm to compute (inverse) equilibrium bid functions for asymmetric, Independent Private Values, FirstPrice auctions. The algorithm relies upon a builtin algebra of local Taylorseries expansions in order to compute highly ..."
Abstract
 Add to MetaCart
, the algorithm also computes a full range of auxiliary statistics of interest (expected revenues, probabilities of winning, probability of retention under reserve pricing and, on request, optimal reserve price). The algorithm also includes a builtin numerical procedure designed to automatically produce local
Monopolistic competition and optimum product diversity. The American Economic Review,
, 1977
"... The basic issue concerning production in welfare economics is whether a market solution will yield the socially optimum kinds and quantities of commodities. It is well known that problems can arise for three broad reasons: distributive justice; external effects; and scale economies. This paper is c ..."
Abstract

Cited by 1911 (5 self)
 Add to MetaCart
is concerned with the last of these. The basic principle is easily stated.' A commodity should be produced if the costs can be covered by the sum of revenues and a properly defined measure of consumer's surplus. The optimum amount is then found by equating the demand price and the marginal cost
1 Utilizing Expected Revenue in Selecting Optimal Marketing Alternatives for Fixed Resource Cow/Calf Operators in the Texas Panhandle
"... Readers may make verbatim copies of this document for noncommercial purposes by any means, provided that this copyright notice appears on all such copies. 2 Beef cattle enterprises for the 91 % of Texas producers with less than 100 cows represent secondary or supplemental enterprises. In most cases ..."
Abstract
 Add to MetaCart
by the increase in value due to additional weight, the expected revenue per animal increases as weight increases. 3 For the vast majority of Texas ’ producers beef cattle represent a secondary or supplemental
Revenue Submodularity
 EC'09
, 2009
"... We introduce revenue submodularity, the property that market expansion has diminishing returns on an auction’s expected revenue. We prove that revenue submodularity is generally possible only in matroid markets, that Bayesianoptimal auctions are always revenuesubmodular in such markets, and that t ..."
Abstract

Cited by 23 (8 self)
 Add to MetaCart
We introduce revenue submodularity, the property that market expansion has diminishing returns on an auction’s expected revenue. We prove that revenue submodularity is generally possible only in matroid markets, that Bayesianoptimal auctions are always revenuesubmodular in such markets
Network Revenue Management
, 2009
"... In this paper, we develop two methods for making pricing decisions in network revenue management problems. We consider a setting where the probability of observing a request for an itinerary depends on the prices and the objective is to dynamically adjust the prices so as to maximize the total expec ..."
Abstract
 Add to MetaCart
expected revenue. The idea behind both of our methods is to decompose the dynamic programming formulation of the pricing problem by the flight legs and to obtain value function approximations by focusing on one flight leg at a time. We show that our methods provide upper bounds on the optimal total
Stochastic Comparisons in Airline Revenue Management
, 2004
"... Consider two markets of different sizes but similar costs and fare structure. All other things being equal, is an airline’s expected revenue larger in the market with larger demand? If not, under what circumstances is it possible to compare expected revenues without carrying out a detailed analysis? ..."
Abstract

Cited by 4 (2 self)
 Add to MetaCart
Consider two markets of different sizes but similar costs and fare structure. All other things being equal, is an airline’s expected revenue larger in the market with larger demand? If not, under what circumstances is it possible to compare expected revenues without carrying out a detailed analysis
Results 1  10
of
1,852