We study a multi-unit auction with multiple bidders, each of whom has a private valuation and a budget. The truthful mechanisms of such an auction are characterized, in the sense ...
Christian Borgs, Jennifer T. Chayes, Nicole Immorl...
In a dynamic market, being able to update one’s value based on information available to other bidders currently in the market can be critical to having profitable transactions. ...
ABSTRACT: We examine an environment where goods and privately informed buyers arrive stochastically to a market. A seller in this setting faces a sequential allocation problem with...
—Dynamic spectrum allocation has proven promising for mitigating the spectrum scarcity problem. In this model, primary users lease chunks of under-utilized spectrum to secondary ...
We explore the revenue capabilities of truthful, monotone (“fair”) allocation and pricing functions for resource-constrained auction mechanisms within a general framework that ...