Dynamic Pricing and Auction - Department of Industrial Engineering ...
Dynamic Pricing and Auction - Department of Industrial Engineering ...
Dynamic Pricing and Auction - Department of Industrial Engineering ...
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Classification based on Informationfeedback• <strong>Auction</strong> protocol based on direct or indirectmechanism• Direct mechanism◦ No feedback• Price signal◦ Ex. First-price sealed bid auction• Indirect Mechanism◦ Feedback on the state <strong>of</strong> the auction• Price signal• Provisional allocation◦ English auction