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We survey the recent literature on designing auctions and mechanisms for dynamic settings. Two settings are considered …
Persistent link: https://www.econbiz.de/10008505985
We survey the recent literature on designing auctions and mechanisms for dynamic settings. Two settings are considered …
Persistent link: https://www.econbiz.de/10008540612
We characterize the revenue-maximizing mechanism for time separable allocation problems in continuous time. The valuation of each agent is private information and changes over time. At the time of contracting every agent privately observes his initial type which influences the evolution of his...
Persistent link: https://www.econbiz.de/10011124283
We characterize the profit-maximizing mechanism for repeatedly selling a non-durable good in continuous time. The valuation of each agent is private information and changes over time. At the time of contracting every agent privately observes his initial type which influences the evolution of his...
Persistent link: https://www.econbiz.de/10010895641
We study how the outcomes of a private-value first price auction can vary with bidders' information, for a fixed distribution of private values. In a two bidder, two value, setting, we characterize all combinations of bidder surplus and revenue that can arise, and identify the information...
Persistent link: https://www.econbiz.de/10010895653
of the mechanism. Thus, in contrast to the standard analysis of a optimal auctions, the seller can explicitly design the …
Persistent link: https://www.econbiz.de/10010895662
We develop a model of data pricing and targeted advertising. A monopolistic data provider determines the price to access "cookies," i.e., informative signals about individual consumers' preferences. The demand for information is generated by advertisers who seek to tailor their spending to the...
Persistent link: https://www.econbiz.de/10010895666
We investigate the role of market transparency in repeated first-price auctions. We consider a setting with independent …
Persistent link: https://www.econbiz.de/10010895667
We analyze data pricing and targeted advertising. Advertisers seek to tailor their spending to the value of each consumer. A monopolistic data provider sells cookies. informative signals about individual consumers' preferences. We characterize the set of consumers targeted by the advertisers and...
Persistent link: https://www.econbiz.de/10010895683
We propose a model of data provision and data pricing. A single data provider controls a large database that contains information about the match value between individual consumers and individual firms (advertisers). Advertisers seek to tailor their spending to the individual match value. The...
Persistent link: https://www.econbiz.de/10010895697