Note on a conflict of assumptions in bidding models

✍ Scribed by Malcolm King; Alan Mercer

• Publisher: Elsevier Science
• Year: 1987
• Tongue: English
• Weight: 451 KB
• Volume: 32
• Category: Article
• ISSN: 0377-2217
• DOI: 10.1016/s0377-2217(87)80013-9

✦ Synopsis

A controversy over the most appropriate model for some bidding situations is examined. It is shown that the models are based on four common assumptions and a fifth which depends on the bidding situation.