Description
Check reserve eligibility and a first-price revenue contribution for one bid.
Game-theoretic calculations depend on specified players, actions, payoff direction, probabilities and continuation assumptions. A single incentive term, coalition inequality or candidate best response is only part of a complete equilibrium argument. Supplied preferences and payoffs are model inputs rather than observed behavior or a moral allocation rule.
Check reserve eligibility and a first-price revenue contribution for one bid.
When to use this tool
Use Auction Revenue Reserve Eligible Bid when checking the stated local payoff, strategy, matching or repeated-game condition.
How to use the tool and how it works
- Enter bidAmount, reservePrice. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read reserveEligible, firstPriceRevenueContribution. Inspect reserveEligible before interpreting the associated values.
Require bidAmount/reservePrice>=0. Equality passes reserveEligible; return the bid as firstPriceRevenueContribution when eligible, otherwise zero.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| bidAmount | Bid Amount | Required. Finite number; minimum 0. |
| reservePrice | Reserve Price | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| reserveEligible | Reserve Eligible | Required. Boolean. |
| firstPriceRevenueContribution | Eligible bid amount or zero; no winning-bid determination. | Required. Finite number. |
{
"input": {
"bidAmount": 120,
"reservePrice": 100
},
"output": {
"reserveEligible": true,
"firstPriceRevenueContribution": 120
}
}Limitations and assumptions
- This does not select a winning bid or apply a full auction rule; eligibility alone does not establish actual revenue or contractual rights.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Use the complete game, feasible strategy space and justified information/continuation assumptions for equilibrium, welfare or actual decision analysis.
References
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