2 papers
cs.GT2026
Pure-Strategy Equilibrium in the Generalized First-Price Auction
Michael Ostrovsky, Andrzej Skrzypacz
We revisit the classic result on the (non-)existence of pure-strategy Nash equilibria in the Generalized First-Price Auction for sponsored search advertising and show that the conc…
econ.TH2022
Artificial Intelligence and Auction Design
Martino Banchio, Andrzej Skrzypacz
Motivated by online advertising auctions, we study auction design in repeated auctions played by simple Artificial Intelligence algorithms (Q-learning). We find that first-price au…