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Budget-feasible Procurement Mechanisms in Two-sided Markets

机译:双面市场预算可行的采购机制

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This paper considers the mechanism design problem in two-sided markets where multiple strategic buyers come with budgets to procure as much value of items as possible from the strategic sellers. Each seller holds an item with public value and is allowed to bid its private cost. Buyers could claim their budgets, not necessarily the true ones. The goal is to seek budget-feasible mechanisms that ensure sellers are rewarded enough payment and buyers' budgets are not exceeded. Our main contribution is a random mechanism that guarantees various desired theoretical guarantees like the budget feasibility, the truthfulness on the sellers' side and the buyers' side simultaneously, and constant approximation to the optimal total procured value of buyers.
机译:本文考虑了双面市场的机制设计问题,多个战略买家附有预算,以从战略卖方获得尽可能多的物品价值。每个卖方都持有一个具有公共值的物品,并允许出价其私人费用。买家可以申请预算,不一定是真实的。目标是寻求预算可行的机制,确保卖方获得有足够的付款,并且不超过买方的预算。我们的主要贡献是一种随机的机制,可保证各种所需的理论保证,如预算可行性,卖家方面的真实性同时,以及与买家最佳采购价值的恒定近似。

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