This paper studies the properties of the continuous double auction trading mechanishm using an artificial market populated by heterogeneous computational agents. In particular, we...
We design algorithms for computing approximately revenue-maximizing sequential postedpricing mechanisms (SPM) in K-unit auctions, in a standard Bayesian model. A seller has K copi...
I develop a new mechanism for risk allocation and information speculation called a dynamic pari-mutuel market (DPM). A DPM acts as hybrid between a pari-mutuel market and a contin...
In many economic settings, convex figures on the plane are for sale. For example, one might want to sell advertising space on a newspaper page. Selfish agents must be motivated ...
In this paper we present a methodology for deciding the bidding strategy of agents participating in a significant number of simultaneous auctions, when finding an analytical sol...