Optimal Markets auctions are highly configurable for different needs. Whether buying or selling, our basic game-theory based auction platform provides a powerful solution for many applications. These auctions are used for individual items which are bought from or sold to one buyer (a copyright, for example), as well as multiple units of homogeneous items which may be divided up among various bidders (such as commodities).
Some situations require tailored auctions for sale or purchase of individual or groups of items. In certain cases, items complement each other, while in others they are substitutes. Optimal Markets offers designs that can be customized for these different needs, allowing bidders to express interest in a single auction, even when multiple items are involved.
In some cases, clients need to accommodate multiple parameters simultaneously. For example, a seller might desire to optimize both flow rate and total quantity, two separate parameters for the same item. Our auctions enable this style of transaction, combining all the benefits of the more pedestrian sealed bid approach with the ability for bidders to improve their bids on an iterative basis.
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