Privacy Preserving Tâtonnement - A Cryptographic Construction of an Incentive Compatible Market
نویسندگان
چکیده
• Sellers distribute goods • Buyers purchase some quantity Tâtonnement mechanism • A " Hill Climbing " approach Utility Functions • Describe a player's preferences • Specify a quantity for all prices Protocol • Sellers set the initial price • Buyers pledge quantity at price • Equilibrium sets the final price Real World Market Applications • Tokyo Grain Exchange (itayose) Debate on Applicability • Walker, J. Political Economy 1987 • Are dynamic markets modeled? • Are static markets modeled?
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