4 papers
Algorithmic Predation: Equilibrium Analysis in Dynamic Oligopolies with Smooth Market Sharing
Fabian Raoul Pieroth, Ole Petersen, Martin Bichler
Predatory pricing -- where a firm strategically lowers prices to undermine competitors -- is a contentious topic in dynamic oligopoly theory, with scholars debating practical relev…
Verifying Approximate Equilibrium in Auctions
Fabian R. Pieroth, Tuomas Sandholm
In practice, most auction mechanisms are not strategy-proof, so equilibrium analysis is required to predict bidding behavior. In many auctions, though, an exact equilibrium is not…
Equilibrium Computation in Multi-Stage Auctions and Contests
Fabian R. Pieroth, Nils Kohring, Martin Bichler
We compute equilibrium strategies in multi-stage games with continuous signal and action spaces as they are widely used in the management sciences and economics. Examples include s…
On the Convergence of Learning Algorithms in Bayesian Auction Games
Martin Bichler, Stephan B. Lunowa, Matthias Oberlechner +2
Equilibrium problems in Bayesian auction games can be described as systems of differential equations. Depending on the model assumptions, these equations might be such that we do n…