Repeated Bidding with Dynamic Value

Benjamin Heymann, Alexandre Gilotte and R\'emi Chan-Renous

Papers from arXiv.org

Abstract: We consider a repeated auction where the buyer's utility for an item depends on the time that elapsed since his last purchase. We present an algorithm to build the optimal bidding policy, and then, because optimal might be impractical, we discuss the cost for the buyer of limiting himself to shading policies.

Date: 2023-08
New Economics Papers: this item is included in nep-gth, nep-mic and nep-upt
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