Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Optimal bidding strategies in dynamic auctions with budget constraints
KTH, School of Electrical Engineering (EES), Automatic Control.
2011 (English)In: Allerton Conference on Communication, Control, and Computing, 2011, 588- p.Conference paper, Published paper (Refereed)
Abstract [en]

We consider the problem of a bidder with limited budget competing in a series of second-price auctions. A motivating example is that of sponsored search auctions, where advertisers bid in a sequence of repeated generalized second price auctions. To characterize the optimal bidding strategy, we formulate the problem as a discounted Markov Decision Process, and provide explicit solutions when the bidder is involved in a large number of auctions.

Place, publisher, year, edition, pages
2011. 588- p.
Keyword [en]
Budget constraint, Explicit solutions, Markov Decision Processes, Optimal bidding strategy, Second-price auction, Sponsored search auctions, Budget control, Communication, Markov processes, Optimization, Commerce
National Category
Control Engineering
Identifiers
URN: urn:nbn:se:kth:diva-149923DOI: 10.1109/Allerton.2011.6120220Scopus ID: 2-s2.0-84856089160ISBN: 9781457718168 (print)OAI: oai:DiVA.org:kth-149923DiVA: diva2:742200
Conference
2011 49th Annual Allerton Conference on Communication, Control, and Computing, Allerton 2011, 28 September 2011 through 30 September 2011, Monticello, IL
Note

QC 20140901

Available from: 2014-09-01 Created: 2014-08-28 Last updated: 2014-09-01Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full textScopus

Search in DiVA

By author/editor
Proutiere, Alexandre
By organisation
Automatic Control
Control Engineering

Search outside of DiVA

GoogleGoogle Scholar

doi
isbn
urn-nbn

Altmetric score

doi
isbn
urn-nbn
Total: 27 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf