Competitive auctions and digital goods

@inproceedings{Goldberg2001CompetitiveAA,
  title={Competitive auctions and digital goods},
  author={Andrew V. Goldberg and Jason D. Hartline and Andrew Wright},
  booktitle={SODA},
  year={2001}
}
We study a class of single round, sealed bid auctions for items in unlimited supply such as digital goods. We focus on auctions that are truthful and competitive. Truthful auctions encourage bidders to bid their utility; competitive auctions yield revenue within a constant factor of the revenue for optimal fixed pricing. We show that for any truthful auction, even a multi-price auction, the expected revenue does not exceed that for optimal fixed pricing. We also give a bound on how far the… CONTINUE READING
Highly Influential
This paper has highly influenced 28 other papers. REVIEW HIGHLY INFLUENTIAL CITATIONS
Highly Cited
This paper has 321 citations. REVIEW CITATIONS

From This Paper

Figures, tables, results, connections, and topics extracted from this paper.
181 Extracted Citations
1 Extracted References
Similar Papers

Citing Papers

Publications influenced by this paper.
Showing 1-10 of 181 extracted citations

321 Citations

02040'03'06'09'12'15'18
Citations per Year
Semantic Scholar estimates that this publication has 321 citations based on the available data.

See our FAQ for additional information.

Referenced Papers

Publications referenced by this paper.

Counterspeculation

  • W. Vickrey
  • Auctions, and Competitive Sealed Tenders. J. of…
  • 1961
Highly Influential
15 Excerpts

Similar Papers

Loading similar papers…