منابع مشابه
Multi-unit Double Auction under Group Buying
Group buying is a business model in which a number of buyers join together to make an order of a product in a certain quantity in order to gain a desirable discounted price. Such a business model has recently received significant attention from researchers in economics and computer science, mostly due to its successful application in online businesses, such as Groupon5. This paper deals with th...
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We envision a future economy where e-markets will play an essential role as exchange hubs for commodities and services. Future e-markets should be designed to be robust to manipulation, flexible, and sufficiently efficient in facilitating exchanges. One of the most important aspects of designing an e-market is market mechanism design. A market mechanism defines the organization, information exc...
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In a seminal paper, McAfee (1992) presented a truthful mechanism for double auctions, attaining asymptotically-optimal gain-from-trade without any prior information on the valuations of the traders. McAfee’s mechanism handles singleparametric agents, allowing each seller to sell a single unit and each buyer to buy a single unit. This paper presents a double-auction mechanism that handles multip...
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Abstract—IaaS clouds invest substantial capital in operating their data centers. Reducing the cost of resource provisioning, is their forever pursuing goal. Computing resource trading among multiple IaaS clouds provide a potential for IaaS clouds to utilize cheaper resources to fulfill their jobs, by exploiting the diversities of different clouds’ workloads and operational costs. In this paper,...
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This paper uses an adapted version of the linear tracing procedure, suggested by Harsanyi and Selten (1988), in order to discriminate between two types of multiple Nash equilibria. Equilibria of the same type are pay-off equivalent in the analysed multiple-unit unit price auction where two sellers compete in order to serve a fixed demand. The equilibria where the firm with the larger capacity b...
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ژورنال
عنوان ژورنال: Journal of Economic Behavior & Organization
سال: 1990
ISSN: 0167-2681
DOI: 10.1016/0167-2681(90)90089-v