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Automation and Remote Control

, Volume 78, Issue 1, pp 180–196 | Cite as

Reserve price efficiency and competitive pressure in auctions

  • V. A. TopinskiyEmail author
Large Scale Systems Control
  • 33 Downloads

Abstract

This paper analyzes reserve price efficiency in auctions, which is defined as the relative value of the expected revenue increase induced by the optimal reserve price. We give a formal definition of competition (competitive pressure) in auctions and prove that reserve price efficiency is a decreasing function of competition level. And finally, some examples of auction properties affecting monotonically competition level are provided.

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Copyright information

© Pleiades Publishing, Ltd. 2017

Authors and Affiliations

  1. 1.Yandex LLCMoscowRussia
  2. 2.Center for the Study of Diversity and Social Interactions at New Economic SchoolMoscowRussia

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