Optimal bidding in auctions from a game theory perspective

•We review recent advances in auction theory from a game theoretic perspective.•We consider estimation issues and the effect of asymmetry on bidding.•We examine how auctions are embedded in the market.•We investigate bidding when players break the rules.•We expand the perspective by incorporating ir...

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Bibliographic Details

Published in:	European journal of operational research Vol. 248; no. 2; pp. 347 - 371
Main Author:	Lorentziadis, Panos L.
Format:	Journal Article
Language:	English
Published:	Amsterdam Elsevier B.V 16.01.2016 Elsevier Sequoia S.A
Subjects:	Asymmetry Auction bidding Auctions Behavioral decision theory Bids Collusion Game theory Irrationality Studies Collusion Irrationality Asymmetry Game theory Auction bidding
ISSN:	0377-2217, 1872-6860
Online Access:	Get full text
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