Showing 1 - 10 of 28
We study the inherent limitations of natural widely-used classes of ascending combinatorial auctions. Specifically, we show that ascending combinatorial auctions that do not use both non-linear prices and personalized prices cannot achieve social efficiency with general bidder valuations. We...
Persistent link: https://www.econbiz.de/10008507135
In many economic settings, like spectrum and real-estate auctions, geometric figures on the plane are for sale. Each bidder bids for his desired figure, and the auctioneer has to choose a set of disjoint figures that maximizes the social welfare. In this work, we design mechanisms that are both...
Persistent link: https://www.econbiz.de/10005409401
While traditional mechanism design typically assumes isomorphism between the type space of the players and their action space, behavioral, technical or regulatory factors can severely restrict the set of actions that are actually available to players. We study single-parameter mechanism-design...
Persistent link: https://www.econbiz.de/10010719490
In the presence of self-interested parties, mechanism designers typically aim to implement some social-choice function in an equilibrium. This paper studies the cost of such equilibrium requirements in terms of communication. While a certain amount of information x needs to be communicated just...
Persistent link: https://www.econbiz.de/10010603336
Persistent link: https://www.econbiz.de/10012820348
Persistent link: https://www.econbiz.de/10014249161
Persistent link: https://www.econbiz.de/10005369471
When attempting to design a truthful mechanism for a computationally hard problem such as combinatorial auctions, one is faced with the problem that most efficiently computable heuristics can not be embedded in any truthful mechanism (e.g. VCG-like payment rules will not ensure truthfulness). We...
Persistent link: https://www.econbiz.de/10005409379
Persistent link: https://www.econbiz.de/10005409415
Persistent link: https://www.econbiz.de/10005413482