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Auctions with Contract Design

Bu, Xiaolin et al.
arXiv (All) · Papers
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computer-science-and-game-theory
We consider a new auction model where the bidders' utilities and the auctioneer's revenue depend on a quality factor of the transaction determined by costly and strategic investments of the bidders. Applications of our model include ad auctions, government concessions and crowdsourcing contests. Cru
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