@inproceedings{9cfcd176cf7b4b6593eda1f2ba18b56a,
title = "Optimal Strategy Against Straightforward Bidding in Clock Auctions",
abstract = "We study a model of auction representative of the 5G auction in France. We determine the optimal strategy of a bidder, assuming that the valuations of competitors are unknown to this bidder and that competitors adopt the straightforward bidding strategy. Our model is based on a Partially Observable Markov Decision Process (POMDP). We show in particular that this special POMDP admits a concise statistics, avoiding the solution of a dynamic programming equation in the space of beliefs. We illustrate our results by numerical experiments, comparing the value of the bidder with the value of a perfectly informed one.",
keywords = "Auction, Bidding Strategy, Optimal Control, POMDP",
author = "Jad Zeroual and Marianne Akian and Aur{\'e}lien Bechler and Matthieu Chardy and St{\'e}phane Gaubert",
note = "Publisher Copyright: {\textcopyright} The Author(s), under exclusive license to Springer Nature Switzerland AG 2025.; 11th International Conference on Network Games, Artificial Intelligence, Control and Optimization, NETGCOOP 2024 ; Conference date: 09-10-2024 Through 11-10-2024",
year = "2025",
month = jan,
day = "1",
doi = "10.1007/978-3-031-78600-6\_8",
language = "English",
isbn = "9783031785993",
series = "Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics) ",
publisher = "Springer Science and Business Media Deutschland GmbH",
pages = "83--93",
editor = "\{Le Cadre\}, H{\'e}l{\`e}ne and Yezekael Hayel and Bruno Tuffin and Tijani Chahed",
booktitle = "Network Games, Artificial Intelligence, Control and Optimization - 11th International Conference, NETGCOOP 2024, Proceedings",
}