Proceedings of the 3rd Annual 2017 International Conference on Management Science and Engineering (MSE 2017)

License Plate Auction of Bidder with Different Risk Appetite

Authors
Yi-Tian Wu, Jia-Hua Sun
Corresponding Author
Yi-Tian Wu
Available Online October 2017.
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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Volume Title
Proceedings of the 3rd Annual 2017 International Conference on Management Science and Engineering (MSE 2017)
Series
Advances in Economics, Business and Management Research
Publication Date
October 2017
ISBN
978-94-6252-394-4
ISSN
2352-5428
DOI
10.2991/mse-17.2017.17How to use a DOI?
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/).

Cite this article

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  -