The VCG mechanism is the canonical method for motivating bidders in combinatorial auctions and exchanges to bid truthfully. We study two related problems concerning the VCG mechanism: the problem of revenue guarantees, and that of collusion. The ...
Motivated by the online advertising exchange marketplace where demand-side intermediaries conduct local upstream auctions and participate in the exchanges' real-time auctions, we study the revenue and efficiency effects of three different auction ...
We study the effects of competition among intermediary brokers that run local upstream auctions and participate at a central auction as bidders on behalf of their buyers. More specifically, we focus on the result of the choice of different mechanisms ...
Springer-Verlag
Berlin, Heidelberg
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