We examine the frequency of jump bids, retaliatory bids and straightforward bids across these auctions.
Often, however, one cannot assume straightforward bidding and it is not clear from the theory how these non-linear personalized price auctions (NLPPAs) perform in this case.
While NLPPAs performed very well in case of straightforward bidding, we observe problems with revenue, efficiency, and speed of convergence when bidders deviate.
Under a straightforward takeover bid for Sky, Fox could be left with an activist minority shareholder base in the pay-TV broadcaster if less than 90% of Sky's investors accepted its bid.
Beyond the political huffing and puffing, the debate about what Pfizer would have to pay to bag AstraZeneca always seemed straightforward: a bid of £60 a share or thereabouts would be a knockout; anything less and Pfizer would struggle to get an agreement.
His pupils, mostly in their 20s or 30s, are taught a straightforward system of bidding and play, and competition, though fierce, is deliberately friendly.
The auction was straightforward: an opening bid, a strong jump-shift, support, Blackwood, one ace, slam.
iBundle(3), dVSV and Ascending Proxy Auction result in VCG payoffs when the coalitional value function satisfies buyer submodularity and bidders bid straightforward, which is an ex-post Nash equilibrium in this case.
The idea is pretty straightforward: companies can bid on candidates, who then get to see the company's offer before accepting or declining an interview; companies must honor their highest offer to a particular candidate, and the potential employees are not bound to accept the highest offer (or any offer).
By comparison, managing the Abramovich art collection looks relatively straightforward: one keeps bidding until everyone else in the room simply stops trying to catching the auctioneer's eye.
