Multi-Item Vickery-English-Dutch Auctions
Assuming that bidders wish to acquire at most one item, this paper defines a polynomial time multiitem auction that locates the VCG prices in a finite number of iterations for any given starting prices. This auction is called the Vickrey-English-Dutch auction and it contains the Vickrey-English auction (J.K. Sankaran, Math. Soc. Sci. 28:143–150, 1994) and the Vickrey-Dutch auction (D. Mishra and D. Parkes, Games Econ. Behav. 66:326–347, 2009) as special cases. Several properties of this iterative auction are provided. It is, for example, demonstrated that the number of iterations from the star... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2013 |
Verlag/Hrsg.: |
Lund: Lund University
School of Economics and Management Department of Economics |
Schlagwörter: | ddc:330 / C72 / D44 / Polynomial time algorithms / Multi-item auctions / Unit-demand bidders / Iterations |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-29049171 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/260042 |