3 papers
cs.GT2026
Second-Best Bilateral Trade is Efficient
Zhengyang Liu, Ying Qin, Zeyu Ren +1
The landmark Myerson-Satterthwaite Theorem establishes a fundamental impossibility in bilateral trade: no Bayesian incentive-compatible mechanism can simultaneously achieve ex-post…
cs.GT2026
Pacing Equilibria in Second-Price Auctions with Few Goods
Yiyang Huang, Yonglei Yan, Zihe Wang +1
In this paper, we investigate the computation of second-price pacing equilibria (SPPEs), a foundational model in online advertising auctions. We present a polynomial-time algorithm…
econ.TH2025
On the Oscillations in Cournot Games with Best Response Strategies
Zhengyang Liu, Haolin Lu, Liang Shan +1
In this paper, we consider the dynamic oscillation in the Cournot oligopoly model, which involves multiple firms producing homogeneous products. To explore the oscillation under th…