Class AuctionTheorySolver

java.lang.Object

org.episteme.social.economics.AuctionTheorySolver

public final class AuctionTheorySolver
extends Object

Solvers for different auction formats used in Game Theory. Provides analytical solutions and simulations for standard auction types.

Version:

1.2

Author:

Silvere Martin-Michiellot, Gemini AI (Google DeepMind)

Nested Class Summary

Nested Classes

Modifier and Type	Class	Description
static final record	AuctionTheorySolver.Bid	Represents a bid in an auction.

Method Summary

Modifier and Type	Method	Description
static Real	simulateDutch(double startPrice, double reservePrice, double dropRate, List<Double> bidderValuations)	Simulates a Dutch Auction (descending price).
static AuctionTheorySolver.Bid	solveVickrey(List<AuctionTheorySolver.Bid> bids)	Solves a Vickrey Auction (Second-price sealed-bid).

Methods inherited from class Object

clone, equals, finalize, getClass, hashCode, notify, notifyAll, toString, wait, wait, wait

Method Details

solveVickrey

public static AuctionTheorySolver.Bid solveVickrey(List<AuctionTheorySolver.Bid> bids)

Solves a Vickrey Auction (Second-price sealed-bid). The winner is the highest bidder, but pays the price of the second highest bid.

Parameters:

bids - the list of all bids placed

Returns:

the winning bid structure (winner identity, payment amount), or null if insufficient bids

simulateDutch

public static Real simulateDutch(double startPrice,
 double reservePrice,
 double dropRate,
 List<Double> bidderValuations)

Simulates a Dutch Auction (descending price). The price starts high and drops until a bidder accepts the current price.

Parameters:

startPrice - the starting high price

reservePrice - the minimum price the seller will accept

dropRate - the amount the price drops per step

bidderValuations - a list of valuations for each bidder

Returns:

the final sale price