Core deviation minimizing auctions
Core deviation minimizing auctions
复制标题
核心偏差最小化拍卖
DOI:
10.2139/ssrn.2001033
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发表时间:
2012
影响因子:
0.6
通讯作者:
Hadi Yektas
中科院分区:
文献类型:
--
作者:
I. Hafalir;Hadi Yektas
In a stylized environment with complementary products, we study a class of dominant strategy implementable direct mechanisms and focus on the objective of minimizing the expected surplus from core deviations. For this class of mechanisms, we formulate the core deviation minimization problem as a calculus of variations problem and numerically solve it for some interesting special cases. We then compare the core deviation surplus in the optimal auction (CDMA) to that in Vickrey-Clark-Groves mechanism (VCG) and core-selecting auctions (CSAs). We find that the expected surplus from core deviations can be significantly smaller in CDMA than that in both VCG and CSAs.
影响因子:
1.1
作者:
Ikumi Fujita;et al.;藤田生水;Ryuji Sano
通讯作者:
Ryuji Sano
影响因子:
0.6
作者:
Robert W. Day;Paul R. Milgrom
通讯作者:
Robert W. Day;Paul R. Milgrom