Bayesian and Dominant‐Strategy Implementation in the Independent Private‐Values Model

We prove—in the standard independent private‐values model—that the outcome, in terms of interim expected probabilities of trade and interim expected transfers, of any Bayesian mechanism can also be obtained with a dominant‐strategy mechanism.     

Signal Orderings Based on Dispersion and the Supply of Private Information in Auctions

This paper provides a novel approach to ordering signals based on the property that more informative signals lead to greater variability of conditional expectations. We define two nested information criteria (supermodular precision and integral precision) by combining this approach with two variability orders (dispersive and convex orders). We relate precision criteria with orderings based on the value of information to a decision maker. We then use precision to study the incentives of an auctioneer to supply private information. Using integral precision, we obtain two results: (i) a more precise signal yields a more efficient allocation; (ii) the auctioneer provides less than the efficient level of information. Supermodular precision allows us to extend the previous analysis to the case in which supplying information is costly and to obtain an additional finding; (iii) there is a complementarity between information and competition, so that both the socially efficient and the auctioneer's optimal choice of precision increase with the number of bidders.     

Historicizing diaglossia

Auer (2005, 2011) presents a typology of present‐day dialect/standard constellations in Europe, thereby reintroducing the concept of diaglossia, which refers to a situation with intermediate variants between dialect and standard. Characterizing the sociolinguistic landscape in many languages in Europe today, diaglossia is assumed to be a relatively recent phenomenon dating back to the late nineteenth or early twentieth century, following a previous stage of diglossia. Drawing on a range of case studies of post‐Medieval English, German and Dutch, this article argues that the sociolinguistic situation in the Early and Late Modern period cannot be described in terms of diglossia, and is characterized by a ubiquity of intermediate variants instead, that is, by diaglossia. This means that diaglossia should be extended much farther back in time and is not a recent development following a state of diglossia.     

Seventeenth-Century Pronk Poppenhuisen: Domestic Space and the Ritual Function of Dutch Dollhouses for Women

ABSTRACT

A number of pronk poppenhuisen, or “dollhouses for show” were commissioned in the seventeenth- and eighteenth-century Netherlands for adult women. The large wooden cabinets with multiple partitioned spaces construct a fully furnished Dutch home in miniature, complete with dolls representing family, servants, and pets. The dollhouses have been primarily regarded as sophisticated collections enjoyed by elite female connoisseurs. This study will investigate the surviving dollhouses of Petronella de la Court, Petronella Dunois, and Petronella Oortman as complex didactic objects that prescribed an ideal domestic identity for Dutch mothers and wives in the early modern Netherlands, in part through a three-dimensional structure that encouraged a tactile, physically interactive relationship with the viewer. Manipulation of the dolls within selective, gendered architectural spaces allowed the dollhouse owners to visualize the ideal Dutch home and “perform” their appropriate role within it as productive, disciplined, and orderly wives, mothers, and domestic managers.     

The resettlement in Canada of 4,527 Polish ex‐servicemen, 1946–47

After the Second World War, a Canadian immigration policy was negotiated with the United Kingdom whereby Polish ex‐servicemen were resettled in Canada. The policy was developed and presented with great care and resulted in 4,527 Polish ex‐servicemen coming to Canada in 1946 and 1947. Domestic and international functions and dysfunctions of the scheme for Canada and the Polish ex‐servicemen are analysed to determine its success or failure. With regard to the short‐ and long‐term contributions the Poles made to agriculture, the scheme was a failure.     

Interregional Price Difference in the New Orleans Auctions Market for Slaves

Our article investigates the variation of winning bids in slave auctions held in New Orleans from 1804 to 1862. Specifically, we measure the variation in the price of slaves conditional on their geographical origin. Previous work using a regression framework ignored the auction mechanism used to sell slaves. This introduced a bias in the conditional mean of the winning bid because it depended on the number of bidders participating in the auction. Unfortunately, the number of bidders is unobserved by the econometrician.We adopt the standard framework of a symmetric independent private value auction and propose an estimation strategy to attempt to deal with this omitted variable bias. Our estimate of the mean number of bidders doubled from 1804 to 1862. We find the number of bidders had a significant positive effect on the average winning bid. An increase from 20 to 30 bidders in an auction raised the average winning bid by around 10%%. The price variation according to the geographical origin of slaves found in earlier work continues to persist after accounting for the omitted variable. We also find a new result that a considerable premium is paid for slaves originating from New Orleans. However, this price variation disappears once we account for regional productivity differences.     

Increasing Revenue by Decreasing Information in Procurement Auctions

We report on results of several laboratory experiments that investigate on‐line procurement auctions in which suppliers bid on price, but exogenous bidder quality affects winner determination. In procurement auctions, bidder quality may or may not be publicly known to all bidders, and the effect of this quality transparency on the auction outcome is one aspect of auction design that we examine. The second aspect of auction design that we examine is the effect of price visibility on the auction outcome, and the interaction between price visibility and quality transparency. In terms of price visibility, we consider two extreme cases: the sealed bid request for proposals (RFPs), and the open‐bid dynamic auction event. In terms of bidder quality transparency, we also consider two extreme cases: a setting in which bidder qualities are publicly known and the case in which they are private. We find that in our laboratory experiments, the RFP format is consistent in generating higher buyer surplus levels than does the open‐bid dynamic format. This advantage is independent of the quality transparency. In contrast, the open‐bid format is highly sensitive to quality transparency, generating significantly lower buyer surplus levels when the information about bidder quality is public.     

具有计算复杂性的VCG机制投标策略研究

在组合拍卖的获胜者确定问题(WDP)具有计算复杂性的情况下,研究了相应的VCG机制中投标者的投标策略问题。通过提出2类重要概率,描述了投标者对于VCG机制WDP算法和其真实估价对于组合拍卖分配效率的信念。通过建模分析,揭示了在具有计算复杂性的VCG机制中,上述2类重要概率、投标者获胜后事后效用、跳投标增量与投标策略之间的确定性关系。     

Optimal Descending Mechanisms for Constrained Procurement

Descending mechanisms for procurement (or, ascending mechanisms for selling) have been well‐recognized for their simplicity from the viewpoint of bidders—they require less bidder sophistication as compared to sealed‐bid mechanisms. In this study, we consider procurement under each of two types of constraints: (1) Individual/Group Capacities: limitations on the amounts that can be sourced from individual and/or subsets of suppliers, and (2) Business Rules: lower and upper bounds on the number of suppliers to source from, and on the amount that can be sourced from any single supplier. We analyze two procurement problems, one that incorporates individual/group capacities and another that incorporates business rules. In each problem, we consider a buyer who wants to procure a fixed quantity of a product from a set of suppliers, where each supplier is endowed with a privately known constant marginal cost. The buyer's objective is to minimize her total expected procurement cost. For both problems, we present descending auction mechanisms that are optimal mechanisms. We then show that these two problems belong to a larger class of mechanism design problems with constraints specified by polymatroids, for which we prove that optimal mechanisms can be implemented as descending mechanisms.     

基于赞助搜索的广告研究进展评述

基于赞助搜索的广告已经成为了网络营销的重要工具,不仅为搜索引擎提供主要的收入来源也为广大企业提供销售渠道。由于这种广告形式和其他广告形式有很大的区别,因此对其深入研究具有重要性和紧迫性。但是相关研究还比较匮乏,还没有成为体系。本文在已发表的相关文献基础上,介绍了赞助搜索广告的一般流程并在结合信息可视化技术的基础上将相关研究分为三类:基于服务商角度的研究;基于广告商角度的研究以及关键字生成和结果页相关研究。然后对每个研究类别的主要问题、建模假设和方法以及结论进行回顾和评述,以期抛砖引玉,推动理论界对此问题的研究。