The price of anarchy of two-buyer sequential multiunit auctions

DOI10.1007/978-3-030-64946-3_11MaRDI QIDQ2692273zbMATH OpenOpenAlexFDO

Authors Mete Şeref Ahunbay, Adrian Vetta

Publication date 21 March 2023

Full work available at URL https://arxiv.org/abs/2007.10131

Mathematics Subject Classification ID

Internet topics (68M11) Applications of game theory (91A80) Auctions, bargaining, bidding and selling, and other market models (91B26)

Recommendations

• Two-buyer sequential multiunit auctions with no overbidding
• Sequential auctions with multi-unit demands
• The price of stability of envy-free equilibria in multi-buyer sequential auctions
• Inefficiency of standard multi-unit auctions
• Limits of efficiency in sequential auctions

Cited in

(4)

• A two stage sequential auction with multi-unit demands
• The price of stability of envy-free equilibria in multi-buyer sequential auctions
• The Price of Anarchy in Auctions
• The declining price anomaly is not universal in multi-buyer sequential auctions (but almost is)

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