PubMatic Founder & Chairman Amar Goel Discusses Auction Dynamics

In this first of a two-part TraderTalk TV feature, ExchangeWire's head of content, Lindsay Rowntree, speaks with Amar Goel about auction dynamics and the difference nuances of first-price versus second-price auctions.

This episode covers:

- The development from the waterfall to an environment where everyone is bidding in parallel

- The differences between a first-price and a second-price auction

- The outcomes for both buyers and sellers, when moving to a first-price auction

- Where the buyer surplus is increased and the seller surplus shrinks

- Where the seller surplus is increased and the buyer surplus shrinks

- What this means for advertiser ROI versus publisher yield

- Buyer bidding strategies in first-price versus second-price

- Why moving to a first-price auction will increase buyer 'bid shading' and reduce publisher visibility and, conversely, why it will mean the DSP is making decisions with less information

- Who wins from a first-price auction

In the second episode, Goel will discuss how auction dynamics will evolve from here.

Lindsay Rowntree: Lindsay Rowntree joined ExchangeWire in 2016 as Head of Content, and after growing the team to include three full-time editorial staff, became Director of Operations in 2021. Her role includes managing the day-to-day operations of ExchangeWire's business functions, as well as the content and marketing teams, across ExchangeWire's suite of products, including its global conference series, ATS. Lindsay also features on stage at ATS events, as well as in ExchangeWire's audiovisual products, including The MadTech Podcast and TraderTalkTV. She previously held the role of director of search, UK at Starcom MediaVest Group, where she spent six years, providing her with extensive experience in digital advertising, performance marketing, data, technology, client servicing and media planning/buying.
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