On coordination among multiple auctions

  • Authors:
  • Peter Chuntao Liu;Aries Wei Sun

  • Affiliations:
  • Software Institute, Nanjing University, China;Department of Computer Science, City University of Hong Kong

  • Venue:
  • FAW'07 Proceedings of the 1st annual international conference on Frontiers in algorithmics
  • Year:
  • 2007

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Abstract

Our research is motivated by finding auction protocols to elegantly coordinate the sellers and buyers when there are multiple auctions. In our model, there are multiple sellers selling different items that are substitute to each other, multiple buyers each demanding exactly one item, and a market that is monopolistic competitive. We implement our auction coordination protocol by polynomial running time algorithms and establishes its incentive compatibleness.