Sentence examples for a first price from inspiring English sources
Who thinks I'll get more revenue from a first price auction?
In a first price auction you're going to shade your bid under your value.
In the unconstrained case, the optimal contest is equivalent to a first price all-pay auction with a reserve price.
Who thinks I get more revenue from a first price auction in which people pay what they bid, but they all shade their bids?
So I'm selling the good now, would I rather sell this as a second-price auction in which at least you'll bid your values but the winner will only pay the second value; or would I rather sell it as a first price auction in which you're all going to shade your values because of this effect of trying to get some surplus, but at least the winner will actually pay you what they bid.
In the contracts in question, a first price, sealed envelope system is used.
Second, we provide a first price-elasticity estimate (−0.15) for off-grid electricity demand in Nepal.
As discussed in class, Google uses a second price auction for pricing.
Who thinks I can expect more revenue from a second price auction in which people will bid their values but I only get the second price?
Who thinks I should sell it–Who thinks I'll get more revenue from a second price auction?
To overcome this challenge, we exploit a natural experiment – the introduction of a third price block in an increasing block pricing schedule for water – in Santa Cruz, California.
