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We study multi-unit auctions for bidders that have a budget constraint, a situation very common in practice that has received relatively little attention in the auction theory literature. Our main result is an impossibility: there is no deterministic auction that (1) is individually rational and...
Persistent link: https://www.econbiz.de/10011049858
We consider the makespan-minimization problem on unrelated machines in the context of algorithmic mechanism design. No truthful mechanisms with non-trivial approximation guarantees are known for this multidimensional domain. We study a well-motivated special case (also a multidimensional...
Persistent link: https://www.econbiz.de/10005066762