拍卖市场上不同经验类型竞价者竞价行为研究

研究公共价值拍卖市场上不同经验类型竞价者的竞价行为.根据拍卖经验的不同可以把竞价人分成两类:天真者和理性者.通过建立"天真-理性"的竞价模型,分析了天真者与理性者最优出价策略,得到了在价值信号均匀分布情况下,天真者的事前期望支付大于理性者的事前期望支付;并得到了天真者的进化比例.

Study on Native and Experienced Bidders in Common Auctions

This paper studies a common value auction in which a naive bidder competes against a rational bidder.According to the"naive-rational"bidding model,we analyze the bidders' optimal bidding.When the signal distribution is uniform,the naive's ex ante payoff is higher than the rational'ex ante.And finally,we get the evolutionary rate of"naive-rational".