抄録
In a market of indivisible objects where a buyer consumes at most one object, the buyer-optimal auction is a multi-item generalization of Vickrey's second-price auction. If the optimal auction is formulated as a strategic game, it is well-known that it satisfies good incentive properties, i.e., the honest strategy profile is a Nash equilibrium, a unique perfect equilibrium and a dominant strategy equilibrium. For each of the three incentive properties, it is shown that the optimal auction is a unique auction satisfying the property. The uniqueness results are derived in a general setting with budget constraints and non-linear utilities.
本文言語 | English |
---|---|
ページ(範囲) | 1-19 |
ページ数 | 19 |
ジャーナル | International Journal of Game Theory |
巻 | 27 |
号 | 1 |
DOI | |
出版ステータス | Published - 1998 5月 |
外部発表 | はい |
ASJC Scopus subject areas
- 統計学および確率
- 数学(その他)
- 社会科学(その他)
- 経済学、計量経済学
- 統計学、確率および不確実性