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cs.GT2023
Non-Excludable Bilateral Trade Between Groups
Yixuan Even Xu, Hanrui Zhang, Vincent Conitzer
Bilateral trade is one of the most natural and important forms of economic interaction: A seller has a single, indivisible item for sale, and a buyer is potentially interested. The…
cs.GT2023★ 1 cited
Efficiency of the Generalized Second-Price Auction for Value Maximizers
Yuan Deng, Mohammad Mahdian, Jieming Mao +3
We study the price of anarchy of the generalized second-price auction where bidders are value maximizers (i.e., autobidders). We show that in general the price of anarchy can be as…