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A simple model of coalitional bidding

✍ Scribed by In-Koo Cho; Kevin Jewell; Rajiv Vohra

Publisher
Springer
Year
2002
Tongue
English
Weight
158 KB
Volume
19
Category
Article
ISSN
0938-2259

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In this paper we consider the problem facing a company in selecting the values of bids to submit on a sequence of contracts put out to tender. A simple-to-implement Bayesian forecasting model is presented, based on a steady Dirichlet process whose states are indexed by the possible bid decisions ope