Dutch auction 问题求解

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A seller is deciding upon which auction mechanism to use to sell her house.
The house is worth nothing to her if it is not sold. There are N potential
buyers who are each equally likely to value the house at anything between
0 and $99,000. Assume the bidders are risk-neutral and there is no such
thing as a reserve price!
What two factors do the bidders have to balance in deciding the optimal bid in a Dutch or first-price auction? If the bidders are using
equilibrium strategies then use the lecture notes to determine how long a bidder with valuation u should wait before stopping the clock if the
seller decides to use a Dutch auction?

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关键词：auction Dutch 问题求解 AUC UTC 问题求解 auction Dutch

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回头看看这个题目。。还是没人会做啊？

daishuai01 发表于 2009-11-26 05:32
A seller is deciding upon which auction mechanism to use to sell her house.
The house is worth nothing to her if it is not sold. There are N potential
buyers who are each equally likely to value the house at anything between
0 and $99,000. Assume the bidders are risk-neutral and there is no such
thing as a reserve price!
What two factors do the bidders have to balance in deciding the optimal bid in a Dutch or first-price auction? If the bidders are using
equilibrium strategies then use the lecture notes to determine how long a bidder with valuation u should wait before stopping the clock if the
seller decides to use a Dutch auction?

the question only assumes symmetry of value distribution. What about independence? Is it private value? If yes, Dutch is strategically equivalent to FPA and each bidder is only willing to bid up to something smaller than their true value.

顶楼上的。。