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Strategy-Proof and Non-Wasteful Multi-Unit Auction via Social Network

机译:通过社交网络的战略和非浪费多单元拍卖

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Auctions via social network, pioneered by Li et al. (2017), have been attracting considerable attention in the literature of mechanism design for auctions. However, no known mechanism has satisfied strategy-proofness, non-deficit, non-wastefulness, and individual rationality for the multi-unit unit-demand auction, except for some naive ones. In this paper, we first propose a mechanism that satisfies all the above properties. We then make a comprehensive comparison with two naive mechanisms, showing that the proposed mechanism dominates them in social surplus, seller's revenue, and incentive of buyers for truth-telling. We also analyze the characteristics of the social surplus and the revenue achieved by the proposed mechanism, including the constant approxima-bility of the worst-case efficiency loss and the complexity of optimizing revenue from the seller's perspective.
机译:通过社交网络拍卖,由Li等人开创。 (2017年),在机理设计的文献中一直在拍卖的重要关注。 然而,除了一些天真的野外需求拍卖之外,没有已知的机制已经满足了多单位单位需求拍卖的策略证明,不赤字,不浪费和个人合理性。 在本文中,我们首先提出了一种满足所有上述性质的机制。 然后,我们与两个天真的机制进行了全面的比较,表明拟议机制占据了社会盈余,卖方的收入,以及为真实讲授的买家奖励。 我们还分析了社会盈余的特点和所提出的机制所取得的收入,包括最糟糕的效率损失和从卖方的角度来优化收入的复杂性的恒定近似。

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