The Bidding Strategy Research of Radio Spectrum User Auction Based on the Partial Distribution

Abstract:

In the spectrum auction, bidding strategy of telecommunication operation enterprise is very important. Considing the telecommunication operation enterprise how to choose the optimal bidding strategy as the train of thought. According to the spectrum of value distribution characteristics to the enterprise, using incomplete information static game theory to construct the operating enterprise bidding game model based on the partial distribution, and obtained model’s Nash equilibrium through the simulation with numerical solutions of the form. At the same time, the equilibrium analysis found: enterprise’s valuation central tendency or fluctuation can positive motivate its equilibrium bid; Along with the enterprise central tendency of valuation and fluctuation amplitude of valuation increasing ceaselessly, increasing unit valuation incentive equilibrium bid increment continuously increase.

• Periodical: Applied Mechanics and Materials (Volumes 411-414)
• Pages: 850-855
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.411-414.850
• Online since: September 2013
• Authors: Xiao Yu Wan, Bo Liu
• Keywords: Bidding Strategy, Central Tendency of Valuations, Fluctuation Amplitude of Valuations, Partial Distribution, Spectrum Auctions

References

[1] Yan Li, Qizhu Song . Spectrum auction mechanism research [J]. China Radio, 2010, (6): 8-12.

[2] Yu long Ren, Xiaoyan Zhou, Xinhua Zhang. Bidding game model of power generation company based on first-price sealed auction[J]. Journal of Systems Engineering, 2003, 18(3): 248-254.

[3] Xinhua Zhang, Ze Ye. Bayesian Game Analysis of Bidding Strategy of Generation Company with Incomplete Information[J]. Journal of Industrial Engineering and Engineering Management 2007(4): 147-149.

[4] Wei Lu, Yulong Ren, Yu hua Ji. Bidding Game Model of Bill of Quantities Based on First-Price Sealed Auction [J]. Journal of Systems Engineering, 2007(1): 122-126.

[5] Feng Dai, Weixuan Xu, Hui Liu, Hua Xu. A New Kind of Method of Optimal Pricing for Commodity[J]. Chinese Journal of Management Science, 2003, 11(1): 33-37.

[6] Guoshun Ma, Liyin Yang, Wenwen Liu. First-price sealed auction game and equilibrium analysis based on the partial distribution [J]. Industrial Technology & Economy, 2010, 29(2): 74-76.

[7] Weiying Zhang. Game theory and information economics [M]. Shang hai people's publishing house. 1996, 8.

[8] Lejun Hou, Jilan Wu. The discussion of game bidding method in land use right based on the competitive factors [J]. Journal of commercial age, 2011(17): 92-54.