Authors
Erel Segal-Halevi, Avinatan Hassidim, Yonatan Aumann
Publication date
2018/7
Conference
IJCAI
Pages
489-497
Description
Motivated by applications such as stock exchanges and spectrum auctions, there is a growing interest in mechanisms for arranging trade in two-sided markets. Existing mechanisms are either not truthful, or do not guarantee an asymptotically-optimal gain-from-trade, or rely on a prior on the traders' valuations, or operate in limited settings such as a single kind of good. We extend the random market-halving technique used in earlier works to markets with multiple kinds of goods, where traders have gross-substitute valuations. We present MIDA: a Multi Item-kind Double-Auction mechanism. It is prior-free, truthful, strongly-budget-balanced, and guarantees near-optimal gain from trade when market sizes of all goods grow to at a similar rate.
Total citations
201620172018201920202021202220232024124225621
Scholar articles
E Segal-Halevi, A Hassidim, Y Aumann - arXiv preprint arXiv:1604.06210, 2016
E Segal-Halevi, A Hassidim, Y Aumann - CoRR abs/1604.06210, 2016
E Segal-Halevi, A Hassidim, Y Aumann - arXiv preprint arXiv:1604.06210, 2016