Characterization of ex post equilibrium in the VCG combinatorial auctions

被引:9
作者
Holzman, R [1 ]
Monderer, D
机构
[1] Technion Israel Inst Technol, Dept Math, IL-32000 Haifa, Israel
[2] Technion Israel Inst Technol, Fac Ind Engn & Management, IL-32000 Haifa, Israel
基金
以色列科学基金会;
关键词
D O I
10.1016/j.geb.2003.04.001
中图分类号
F [经济];
学科分类号
02 ;
摘要
We prove that when the number of (potential) buyers is at least three, every ex post equilibrium in the Vickrey-Clarke-Groves combinatorial auction mechanisms is a bundling equilibrium and is symmetric. This complements a theorem proved by Holzman, Kfir-Dahav, Monderer, and Tennenholtz (2003), according to which, the symmetric bundling equilibria are precisely those defined by a quasi-field. (C) 2003 Elsevier Inc. All rights reserved.
引用
收藏
页码:87 / 103
页数:17
相关论文
共 16 条
[11]  
MEYERTERVEHN M, 2002, EX POST IMPLEMENTATI
[12]   A THEORY OF AUCTIONS AND COMPETITIVE BIDDING [J].
MILGROM, PR ;
WEBER, RJ .
ECONOMETRICA, 1982, 50 (05) :1089-1122
[13]   OPTIMAL AUCTION DESIGN [J].
MYERSON, RB .
MATHEMATICS OF OPERATIONS RESEARCH, 1981, 6 (01) :58-73
[14]  
PERRY M, 1999, EX POST EFFICIENT MU
[15]  
ROBERTS K., 1979, AGGREGATION REVELATI
[16]  
VICKREY W, 1961, J FINANC, V16, P15