Toward a study of bidding processes part IV ‐ games with unknown costs
- 1 January 1967
- journal article
- research article
- Published by Wiley in Naval Research Logistics Quarterly
- Vol. 14 (4) , 415-433
- https://doi.org/10.1002/nav.3800140402
Abstract
This paper represents a continuation of three previous papers [1‐.3] in the study of competitive bidding processes. It treats the case where a bidder's knowledge of his competitor's cost i s given by a probability distribution over a certain interval. The results obtained extend the work of Vickrey [4] to the case where the cost intervals a r e not necessarily symmetric.Keywords
This publication has 5 references indexed in Scilit:
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- A note on a role of intelligence analysis in logistics operations researchNaval Research Logistics Quarterly, 1963
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- COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERSThe Journal of Finance, 1961