Mean sample spacings, sample size and variability in an auction-theoretic framework

Authors:
Anand Paul;Genaro Gutierrez
Affiliations:
Decision and Information Sciences, Warrington College of Business, University of Florida, Gainesville, FL 32611-7150, USA;McCombs School of Business, University of Texas at Austin, TX 78712, USA
Venue:
Operations Research Letters
Year:
2004

Citing 0
Cited 4

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Likelihood ratio order of the second order statistic from independent heterogeneous exponential random variables

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Decision Analysis
A note on expected rent in auction theory

Operations Research Letters

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Abstract

In terms of a standard model for English auctions and sealed-bid auctions, we study the impact of an increase in bidding competition and in variance of the distribution of valuations on the winner's expected rent using tools from order statistics and stochastic ordering.