Population uncertainty and revealing contestants
2021
Kim, Bara | Yoo, Seung Han
A number of contestants randomly arrives according to a Poisson distribution. Under population uncertainty, a contest designer considers whether or not to reveal the number of players to bidders. We show that for the expected revenue, the two policies are equivalent, but for the expected winner’s payment, the revealing policy dominates if the expected number of bidders is sufficiently large, whereas the concealing policy dominates if it is low.
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书目信息
出版者
CSIRO Publishing
其它主题
Contest; Environmental equivalence; Poisson distribution; D82; C72; Issues and policy; D44; Population uncertainty
语言
英语
注释
Nal-light
类型
Journal Article; Text
2024-02-28
MODS