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arXiv 1810.01736cs.GTq-fin.PR
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拍卖理论在现实生活中的应用

Auction Theory Adaptations for Real Life Applications

Ravi Kashyap

摘要:

我们开发扩展拍卖理论的结果,在现实生活中的场景是有用的。1.由于估值通常是正的,我们首先使用对数正态分布来近似。这将是有用的许多金融相关的拍卖设置,因为资产价格通常是非负的。2.我们制定了一个正对称离散分布,这是可能的,其次是拍卖参与者的总数,并将其纳入拍卖理论的结果。3.当投标人的估值相互依赖时,我们开发扩展,并将所有开发的结果合并到最终的现实环境中。4.我们的方法可以成为一个实用的工具,投标人和拍卖卖家,以最大限度地提高他们的利润。这里开发的模型可能对库存估计和金融工具以及非金融商品的批发采购有用。所有的命题都是新的结果,它们引用了作为引理的已有结果。

英文摘要:

We develop extensions to auction theory results that are useful in real life scenarios. 1. Since valuations are generally positive we first develop approximations using the log-normal distribution. This would be useful for many finance related auction settings since asset prices are usually non-negative. 2. We formulate a positive symmetric discrete distribution, which is likely to be followed by the total number of auction participants, and incorporate this into auction theory results. 3. We develop extensions when the valuations of the bidders are interdependent and incorporate all the results developed into a final combined realistic setting. 4. Our methods can be a practical tool for bidders and auction sellers to maximize their profits. The models developed here could be potentially useful for inventory estimation and for wholesale procurement of financial instruments and also non-financial commodities. All the propositions are new results and they refer to existing results which are stated as Lemmas.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

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