https://vestnik.volbi.ru/


ECONOMIC ESTIMATION OF APPLICATION OF BLUFFES STRATEGY FOR THE AUCTIONS

Back to articles of current journal
PDF: Author(s): Marchenko A. A., Rogachev A. F.,
Number of journal: 1(18) Date: February 2012
Annotation:

The mathematical model describing rules of definition of the auction winner has been studied in the article; the results of one of the auctions and approximate state losses resulted from application of bluffing strategies by the participants have been provided. The procedure of interaction between bluffing participants of the auction, and the average amounts of the state losses arisen from the unfair behavior of the auction participants of have been described. The losses have been distributed into three groups in accordance with the degree of validity. The possibilities that would be provided by the performed economic evaluation of bluffing strategies have been proposed at the conclusion of the article.

Keywords:

auction, bluff, the size of payment, site, corruption, absolute leader, leader, applicant, outsider, competition, bluffing participant

For citation: