随机最高限价拍卖的报价策略

借助非合作博弈理论构造模型分析了随机限价拍卖的竞买者报价策略.通过对模型的求解得到了以微分方程形式表示的竞买者Nash均衡报价策略.通过与普通的英式拍卖相比较,发现两类拍卖的Nash均衡报价策略具有相同的微分方程结构.根据所得到的微分方程形式的Nash均衡报价策略,计算了一个经过简化的案例,以说明文中结果具有一定的实用性,可以为这类拍卖的报价决策提供一定的支持.

Bidding strategy for auctions with stochastic upper limit

In this article,the bidding strategy in the auction with stochastic upper limit is studied in the frame work of the non-cooperative game.The Nash equilibrium bidding strategy is derived,and is found to have the same structure as the one of the common English auctions in the form of differential equation.According to the above result,a simplified case is calculated as an example to show that the above result call help to make bid-ding decisions.