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POST
/
quantlib
/
economics
/
auctions
/
equilibrium-bid
Calculate Equilibrium Bids
curl --request POST \
  --url https://api.fincept.in/quantlib/economics/auctions/equilibrium-bid \
  --header 'Content-Type: application/json' \
  --header 'X-API-Key: <api-key>' \
  --data '
{
  "auction_type": "first_price",
  "n_bidders": 4,
  "valuations": [
    50,
    75,
    100
  ]
}
'
{
  "success": true,
  "data": {
    "auction_type": "first_price",
    "bids": [
      {
        "valuation": 50,
        "equilibrium_bid": 37.5
      },
      {
        "valuation": 75,
        "equilibrium_bid": 56.25
      },
      {
        "valuation": 100,
        "equilibrium_bid": 75
      }
    ]
  }
}

Authorizations

​
X-API-Key
string
header
required

API key for authentication. Get your key at https://api.fincept.in/auth/register

Body

application/json
​
auction_type
enum<string>
required

Type of auction mechanism

Available options:
first_price,
second_price,
all_pay
Example:

"first_price"

​
n_bidders
integer
required

Number of bidders in the auction

Required range: x >= 2
Example:

4

​
valuations
number[]
required

Valuations to calculate equilibrium bids for

Required range: x >= 0
Example:
[50, 75, 100]

Response

Successful Response

​
success
boolean
Example:

true

​
data
object