License Plate Auction of Bidder with Different Risk Appetite

DOI

10.2991/mse-17.2017.17How to use a DOI?

Keywords

License plate auction, different rick appetite

Abstract

In recent year, auction is used to solve the problem that the requirement and supply of license plate is not equal. The common rule of auction is that the bidders win the license plate by price order after submitting the price at the same time. The discriminate auction model of license plate is built in this article to find the best bid strategy. Then classify the bidders by the different risk appetite. The winning probability of different risk appetite is analyzed. The best valuation expression can be got according the different probability.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yi-Tian Wu
AU  - Jia-Hua Sun
PY  - 2017/10
DA  - 2017/10
TI  - License Plate Auction of Bidder with Different Risk Appetite
BT  - Proceedings of the 3rd Annual 2017 International Conference on Management Science and Engineering (MSE 2017)
PB  - Atlantis Press
SP  - 64
EP  - 66
SN  - 2352-5428
UR  - https://doi.org/10.2991/mse-17.2017.17
DO  - 10.2991/mse-17.2017.17
ID  - Wu2017/10
ER  -