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    Chapter

    Simulation of Sequential Auction Markets Using Priced Options to Reduce Bidder Exposure

    This paper studies the benefits of using priced options for solving the exposure problem that bidders with valuation synergies face in sequential auctions. We consider a model in which complementary-valued ite...

    Lonneke Mous, Valentin Robu, Han La Poutré in Innovations in Agent-Based Complex Automat… (2011)