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cs.GT2022
The Price of Stability for First Price Auction
Yaonan Jin, Pinyan Lu
This paper establishes the Price of Stability (PoS) for First Price Auctions, for all equilibrium concepts that have been studied in the literature: Bayes Nash Equilibrium $\subset…
cs.GT2022★ 3 cited
First Price Auction is Efficient
Yaonan Jin, Pinyan Lu
We prove that the {\sf PoA} of {\sf First Price Auctions} is , closing the gap between the best known bounds .