kth price auctions and Catalan numbers

C-Tier
Journal: Economics Letters
Year: 2018
Volume: 172
Issue: C
Pages: 69-73

Authors (2)

Nawar, Abdel-Hameed (not in RePEc) Sen, Debapriya (Toronto Metropolitan Universit...)

Score contribution per author:

0.503 = (α=2.01 / 2 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

This paper shows that for distributions that have linear density, the bid function at any symmetric, increasing equilibrium of a kth price auction with k≥3 can be represented as a finite series of k−2 terms whose ℓth term involves the ℓth Catalan number. Using an integral representation of Catalan numbers together with some classical combinatorial identities, we derive the closed form of the unique symmetric, increasing equilibrium of a kth price auction for a non-uniform distribution.

Technical Details

RePEc Handle
repec:eee:ecolet:v:172:y:2018:i:c:p:69-73
Journal Field
General
Author Count
2
Added to Database
2026-01-29