Competitive Bidding in a Certain Class of Auctions

  title={Competitive Bidding in a Certain Class of Auctions},
  author={Mathias Johansson},
We consider the problem of determining the amount to bid in a certain type of auctions in which customers submit one sealed bid. The bid reflects the price a customer is willing to pay for one unit of the offered goods. The auction is repeated and at each auction each customer requests a certain amount of goods, an amount that we call the capacity of the customer and that varies among customers and over time. At each auction, only the customer with the largest bid‐capacity product obtains any… CONTINUE READING

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