Surplus dissipating equilibria in the dollar auction.
Fredrik ØdegaardCharles Z. ZhengPublished in: INFOR Inf. Syst. Oper. Res. (2020)
Keyphrases
- social welfare
- mechanism design
- sealed bid
- game theory
- combinatorial auctions
- long run
- game theoretic
- exchange rate
- incentive compatibility
- nash equilibria
- resource allocation
- auction mechanisms
- utility function
- online auctions
- nash equilibrium
- incomplete information
- information revelation
- multi unit
- bidding strategies
- incentive compatible
- multi agent systems
- auction protocol
- cooperative
- games with incomplete information
- real time
- electronic markets
- fixed point
- repeated games
- state space
- social choice
- reverse auction