Run Auction
curl --request POST \
--url https://api.fincept.in/quantlib/economics/auctions/run \
--header 'Content-Type: application/json' \
--header 'X-API-Key: <api-key>' \
--data '
{
"auction_type": "second_price",
"n_bidders": 3,
"valuations": [
100,
80,
90
]
}
'import requests
url = "https://api.fincept.in/quantlib/economics/auctions/run"
payload = {
"auction_type": "second_price",
"n_bidders": 3,
"valuations": [100, 80, 90]
}
headers = {
"X-API-Key": "<api-key>",
"Content-Type": "application/json"
}
response = requests.post(url, json=payload, headers=headers)
print(response.text)const options = {
method: 'POST',
headers: {'X-API-Key': '<api-key>', 'Content-Type': 'application/json'},
body: JSON.stringify({auction_type: 'second_price', n_bidders: 3, valuations: [100, 80, 90]})
};
fetch('https://api.fincept.in/quantlib/economics/auctions/run', options)
.then(res => res.json())
.then(res => console.log(res))
.catch(err => console.error(err));<?php
$curl = curl_init();
curl_setopt_array($curl, [
CURLOPT_URL => "https://api.fincept.in/quantlib/economics/auctions/run",
CURLOPT_RETURNTRANSFER => true,
CURLOPT_ENCODING => "",
CURLOPT_MAXREDIRS => 10,
CURLOPT_TIMEOUT => 30,
CURLOPT_HTTP_VERSION => CURL_HTTP_VERSION_1_1,
CURLOPT_CUSTOMREQUEST => "POST",
CURLOPT_POSTFIELDS => json_encode([
'auction_type' => 'second_price',
'n_bidders' => 3,
'valuations' => [
100,
80,
90
]
]),
CURLOPT_HTTPHEADER => [
"Content-Type: application/json",
"X-API-Key: <api-key>"
],
]);
$response = curl_exec($curl);
$err = curl_error($curl);
curl_close($curl);
if ($err) {
echo "cURL Error #:" . $err;
} else {
echo $response;
}package main
import (
"fmt"
"strings"
"net/http"
"io"
)
func main() {
url := "https://api.fincept.in/quantlib/economics/auctions/run"
payload := strings.NewReader("{\n \"auction_type\": \"second_price\",\n \"n_bidders\": 3,\n \"valuations\": [\n 100,\n 80,\n 90\n ]\n}")
req, _ := http.NewRequest("POST", url, payload)
req.Header.Add("X-API-Key", "<api-key>")
req.Header.Add("Content-Type", "application/json")
res, _ := http.DefaultClient.Do(req)
defer res.Body.Close()
body, _ := io.ReadAll(res.Body)
fmt.Println(string(body))
}HttpResponse<String> response = Unirest.post("https://api.fincept.in/quantlib/economics/auctions/run")
.header("X-API-Key", "<api-key>")
.header("Content-Type", "application/json")
.body("{\n \"auction_type\": \"second_price\",\n \"n_bidders\": 3,\n \"valuations\": [\n 100,\n 80,\n 90\n ]\n}")
.asString();require 'uri'
require 'net/http'
url = URI("https://api.fincept.in/quantlib/economics/auctions/run")
http = Net::HTTP.new(url.host, url.port)
http.use_ssl = true
request = Net::HTTP::Post.new(url)
request["X-API-Key"] = '<api-key>'
request["Content-Type"] = 'application/json'
request.body = "{\n \"auction_type\": \"second_price\",\n \"n_bidders\": 3,\n \"valuations\": [\n 100,\n 80,\n 90\n ]\n}"
response = http.request(request)
puts response.read_body{
"success": true,
"data": {
"auction_type": "second_price",
"winner": 0,
"price": 90,
"revenue": 90,
"bids": [
100,
80,
90
]
}
}{
"detail": "Invalid API key"
}{
"detail": "Endpoint requires Basic tier or higher"
}{
"detail": [
{
"loc": [
"body",
"valuations"
],
"msg": "field required",
"type": "value_error.missing"
}
]
}quantlib-economics
Run Auction
Simulate an auction with given bidder valuations. Supports first-price sealed-bid (highest bidder wins, pays their bid), second-price/Vickrey (highest bidder wins, pays second-highest bid), and all-pay (all bidders pay their bid, highest wins). Returns winner, price paid, revenue, and all bids. Use for auction design, comparing formats, and predicting outcomes. [Tier: STANDARD, Credits: 2]
POST
/
quantlib
/
economics
/
auctions
/
run
Run Auction
curl --request POST \
--url https://api.fincept.in/quantlib/economics/auctions/run \
--header 'Content-Type: application/json' \
--header 'X-API-Key: <api-key>' \
--data '
{
"auction_type": "second_price",
"n_bidders": 3,
"valuations": [
100,
80,
90
]
}
'import requests
url = "https://api.fincept.in/quantlib/economics/auctions/run"
payload = {
"auction_type": "second_price",
"n_bidders": 3,
"valuations": [100, 80, 90]
}
headers = {
"X-API-Key": "<api-key>",
"Content-Type": "application/json"
}
response = requests.post(url, json=payload, headers=headers)
print(response.text)const options = {
method: 'POST',
headers: {'X-API-Key': '<api-key>', 'Content-Type': 'application/json'},
body: JSON.stringify({auction_type: 'second_price', n_bidders: 3, valuations: [100, 80, 90]})
};
fetch('https://api.fincept.in/quantlib/economics/auctions/run', options)
.then(res => res.json())
.then(res => console.log(res))
.catch(err => console.error(err));<?php
$curl = curl_init();
curl_setopt_array($curl, [
CURLOPT_URL => "https://api.fincept.in/quantlib/economics/auctions/run",
CURLOPT_RETURNTRANSFER => true,
CURLOPT_ENCODING => "",
CURLOPT_MAXREDIRS => 10,
CURLOPT_TIMEOUT => 30,
CURLOPT_HTTP_VERSION => CURL_HTTP_VERSION_1_1,
CURLOPT_CUSTOMREQUEST => "POST",
CURLOPT_POSTFIELDS => json_encode([
'auction_type' => 'second_price',
'n_bidders' => 3,
'valuations' => [
100,
80,
90
]
]),
CURLOPT_HTTPHEADER => [
"Content-Type: application/json",
"X-API-Key: <api-key>"
],
]);
$response = curl_exec($curl);
$err = curl_error($curl);
curl_close($curl);
if ($err) {
echo "cURL Error #:" . $err;
} else {
echo $response;
}package main
import (
"fmt"
"strings"
"net/http"
"io"
)
func main() {
url := "https://api.fincept.in/quantlib/economics/auctions/run"
payload := strings.NewReader("{\n \"auction_type\": \"second_price\",\n \"n_bidders\": 3,\n \"valuations\": [\n 100,\n 80,\n 90\n ]\n}")
req, _ := http.NewRequest("POST", url, payload)
req.Header.Add("X-API-Key", "<api-key>")
req.Header.Add("Content-Type", "application/json")
res, _ := http.DefaultClient.Do(req)
defer res.Body.Close()
body, _ := io.ReadAll(res.Body)
fmt.Println(string(body))
}HttpResponse<String> response = Unirest.post("https://api.fincept.in/quantlib/economics/auctions/run")
.header("X-API-Key", "<api-key>")
.header("Content-Type", "application/json")
.body("{\n \"auction_type\": \"second_price\",\n \"n_bidders\": 3,\n \"valuations\": [\n 100,\n 80,\n 90\n ]\n}")
.asString();require 'uri'
require 'net/http'
url = URI("https://api.fincept.in/quantlib/economics/auctions/run")
http = Net::HTTP.new(url.host, url.port)
http.use_ssl = true
request = Net::HTTP::Post.new(url)
request["X-API-Key"] = '<api-key>'
request["Content-Type"] = 'application/json'
request.body = "{\n \"auction_type\": \"second_price\",\n \"n_bidders\": 3,\n \"valuations\": [\n 100,\n 80,\n 90\n ]\n}"
response = http.request(request)
puts response.read_body{
"success": true,
"data": {
"auction_type": "second_price",
"winner": 0,
"price": 90,
"revenue": 90,
"bids": [
100,
80,
90
]
}
}{
"detail": "Invalid API key"
}{
"detail": "Endpoint requires Basic tier or higher"
}{
"detail": [
{
"loc": [
"body",
"valuations"
],
"msg": "field required",
"type": "value_error.missing"
}
]
}Authorizations
API key for authentication. Get your key at https://api.fincept.in/auth/register
Body
application/json
Type of auction mechanism
Available options:
first_price, second_price, all_pay Example:
"second_price"
Number of bidders participating
Required range:
x >= 2Example:
3
Private valuations for each bidder (must have n_bidders elements)
Required range:
x >= 0Example:
[100, 80, 90]
⌘I
