Residential College | false |
Status | 已發表Published |
The impact of core constraints on truthful bidding in combinatorial auctions | |
Fritsch, Robin1; Lee, Younjoo2; Meier, Adrian1; Wang, Kanye Ye3; Wattenhofer, Roger1 | |
2024-02-28 | |
Source Publication | Theoretical Computer Science |
ISSN | 0304-3975 |
Volume | 993Pages:114467 |
Abstract | Combinatorial auctions (CAs) offer the flexibility for bidders to articulate complex preferences when competing for multiple assets. However, the behavior of bidders under different payment rules is often unclear. Our research explores the relationship between core constraints and several core-selecting payment rules. Specifically, we examine the natural and desirable property of payment rules of being non-decreasing, which ensures that bidding higher does not lead to lower payments. Earlier studies revealed that the VCG-nearest payment method – a commonly employed payment rule – fails to adhere to this principle even for single-minded CAs. We establish that when a single effective core constraint exists, the payment maintains the non-decreasing property in single-minded CAs. To identify auctions where such a constraint is present, we introduce a novel framework using conflict graphs to represent single-minded CAs and establish sufficient conditions for the existence of single effective core constraints. We proceed with an analysis of the implications on bidder behavior, demonstrating that there is no overbidding in any Nash equilibrium when considering non-decreasing core-selecting payment rules. Our study concludes by establishing the non-decreasing nature of two additional payment rules, namely the proxy and proportional payment rules, for single-minded CAs. |
Keyword | Combinatorial Auctions Core-selecting Payment Rules Non-decreasing Payment Rules |
DOI | 10.1016/j.tcs.2024.114467 |
URL | View the original |
Indexed By | SCIE |
Language | 英語English |
WOS Research Area | Computer Science |
WOS Subject | Computer Science, Theory & Methods |
WOS ID | WOS:001199005100001 |
Publisher | ELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS |
Scopus ID | 2-s2.0-85186536233 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF COMPUTER AND INFORMATION SCIENCE |
Corresponding Author | Wang, Kanye Ye |
Affiliation | 1.ETH Zurich, Zurich, Switzerland 2.Seoul National University, Seoul, South Korea 3.University of Macau, Macau, China |
Corresponding Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Fritsch, Robin,Lee, Younjoo,Meier, Adrian,et al. The impact of core constraints on truthful bidding in combinatorial auctions[J]. Theoretical Computer Science, 2024, 993, 114467. |
APA | Fritsch, Robin., Lee, Younjoo., Meier, Adrian., Wang, Kanye Ye., & Wattenhofer, Roger (2024). The impact of core constraints on truthful bidding in combinatorial auctions. Theoretical Computer Science, 993, 114467. |
MLA | Fritsch, Robin,et al."The impact of core constraints on truthful bidding in combinatorial auctions".Theoretical Computer Science 993(2024):114467. |
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