- published: 12 Aug 2012
- views: 20896
A double auction is a process of buying and selling goods when potential buyers submit their bids and potential sellers simultaneously submit their ask prices to an auctioneer, and then an auctioneer chooses some price p that clears the market: all the sellers who asked less than p sell and all buyers who bid more than p buy at this price p.
A double auction can be analyzed as a game. Players are buyers and sellers. They have some valuations of a good that is traded in an auction. Their strategies are bids for buyers and ask prices for sellers (that depend on the valuations of buyers and sellers). Payoffs depend on the price of the transaction and the valuation of a player.
Consider a double auction with a single buyer and a single seller. Suppose that the valuation of a buyer is v and the valuation of a seller is c (e.g. the cost of producing the product). And v, c Failed to parse (Missing texvc executable; please see math/README to configure.): \in [0,1] .Submitted bid of a seller is Failed to parse (Missing texvc executable; please see math/README to configure.): b_1 , and bid of a buyer is Failed to parse (Missing texvc executable; please see math/README to configure.): b_2 . Failed to parse (Missing texvc executable; please see math/README to configure.): b_1,b_2 \in [0,1].
Auktion - D-beat Rock n roll Mayhem (Full Album)
Auktion - "She Wolf" / Аукцыон - "Волчица" - Russia Rock Underground (1988)
Auktion - My Love
Die mysteriöseste EBAY-Auktion aller Zeiten..
Auktion - Spader Ess
Größte Auto Auktion (Doku) - Die weltgrößte Oldtimerversteigerung
75. Auktion bei Gert Müller - internationales Auktionshaus für Briefmarken und Münzen
Versteigerung in Scottsdale - Die größte Auto-Auktion der Welt (2015)
Lemony's Nicket - Versteigerung der 125. Elite-Auktion
Auktionstheorien – Englische Auktion, Holländische Auktion, etc.
Überraschungs-Koffer-Auktion
Circus Halligalli | Countdown: Auktion | ProSieben
Die mysteriöseste EBAY-Auktion..
Google AdWords Auktion einfach erklärt