The Research of Bidding Model Based on the Generalized Order Statistics
- Chaohe Song
Abstract
In the Seller Bidding of order statistics bidding function, the expected deviation of the last non-winner’s priceand the winner’s price is a decrease function of the number of bidder. This paper analysis and know that the
expected deviation of the last non-winner’s price and the winner’s price decrease with the increasing of the
number of bidder on the Seller Bidding of the generalized order statistics.
- Full Text: PDF
- DOI:10.5539/jmr.v1n1p74
This work is licensed under a Creative Commons Attribution 4.0 License.
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