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Persistent link: https://www.econbiz.de/10011688966
We put forward new benchmarks and solution concepts for Adversarial Mechanism Design, as defined by [MV07.a], and we exemplify them in the case of truly combinatorial auctions.We benchmark the combined performance (the sum of the auction's efficiency and revenue) of a truly combinatorial auction...
Persistent link: https://www.econbiz.de/10009433265
We put forward new benchmarks and solution concepts for Adversarial Mechanism Design, as defined by [MV07.a], and we exemplify them in the case of truly combinatorial auctions.We benchmark the combined performance (the sum of the auction's effciency and revenue)of a truly combinatorial auction...
Persistent link: https://www.econbiz.de/10009433266
Persistent link: https://www.econbiz.de/10003814886
Persistent link: https://www.econbiz.de/10003975243
Because of its devastating effects in auctions and other mechanisms, collusion is prohibited andlegally prosecuted. Yet, colluders have always existed, and may continue to exist. We thus raise the followingquestion for mechanism design:What desiderata are achievable, and by what type of...
Persistent link: https://www.econbiz.de/10009432429
In unrestricted combinatorial auctions, we put forward a mechanism that guarantees a meaningful revenue benchmark based on the possibilistic beliefs that the players have about each other's valuations. In essence, the mechanism guarantees, within a factor of two, the maximum revenue that the...
Persistent link: https://www.econbiz.de/10011709899
Shimoji and Watson (1998) prove that a strategy of an extensive game is rationalizable in the sense of Pearce if and only if it survives the maximal elimination of conditionally dominated strategies. Briefly, this process iteratively eliminates conditionally dominated strategies according to a...
Persistent link: https://www.econbiz.de/10011599478
Shimoji and Watson (1998) prove that a strategy of an extensive game is rationalizable in the sense of Pearce if and only if it survives the maximal elimination of conditionally dominated strategies. Briefly, this process iteratively eliminates conditionally dominated strategies according to a...
Persistent link: https://www.econbiz.de/10009421879
Three related trends in world politics – shifting in power relations, increased diversity of actors and entities, and the growing mobilization and politicization of global constituencies are contributing to a global “tussle” which threatens to erupt in a full-fledged international...
Persistent link: https://www.econbiz.de/10014154230