On joint distribution of bids in some k-th price auction model

Main Article Content

Michał Stachura
Barbara Wodecka


Słowa kluczowe : angielski
Abstrakt

In the era of increasingly widespread use of electronic communication tools, constant growth of e-commerce turnover is hardly surprising. One of its mechanisms are online auctions whose turnover, on a global scale, is enormous. This paper proposes a stochastic model of the value of subsequent actual bids appearing in the course of a dynamic internet k-th price auction. On this basis, it was possible to determine unconditional joint probability distributions, as well as univariate marginal distributions of successive bids appearing in the course of the auction type under consideration.

Article Details

Jak cytować
Stachura, M., & Wodecka, B. (2024). On joint distribution of bids in some k-th price auction model. Metody Ilościowe W Badaniach Ekonomicznych, 25(1), 10–18. https://doi.org/10.22630/MIBE.2024.25.1.2
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