Numerical Solutions of Asymmetric, First-Price, Independent Private Values Auctions: Comment

  • Authors:

  • Junwei Peng;Zhongzhi Yang

  • Affiliations:

  • Shanghai Jiao Tong University, Shanghai, China;Shanghai Jiao Tong University, Shanghai, China

  • Venue:
  • Computational Economics
  • Year:
  • 2010

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Abstract

This comment analyzed the effectiveness of searching method for the upper bound of bidding function in Gayle and Richard's (Computational Economics 32:245---278, 2008) algorithm. A new searching method is proposed on the base of such analysis, which can be more effective and more efficient.