Algorithms and Computation
Algorithms and Computation
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算法与计算
DOI:
10.1007/978-3-642-35261-4_71
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发表时间:
2012
期刊:
影响因子:
--
通讯作者:
Deng X
中科院分区:
文献类型:
--
作者:
Deng X
We study double auction market design where the market maker wants to maximize its total revenue by buying low from the sellers and selling high to the buyers. We consider a Bayesian setting where buyers and sellers have independent probability distributions on the values of products on the market.For the simplest setting, each seller has one kind of indivisible good with a bounded (integer) amount that can be sold to a buyer, who may demand a bounded number of copies. We develop a maximum mechanism for the market maker to maximize its own revenue.For the more general case where each seller's product may be different, we consider a number of variants in terms of constraints on supplies and demands. For each of them, we develop a polynomial time computable truthful mechanism for the market maker to achieve a revenue at least a constantαtimes the revenue of any other truthful mechanism.