TY - GEN
T1 - Ascending-Price Mechanism for General Multi-sided Markets
AU - Gilor, Dvir
AU - Gonen, Rica
AU - Segal-Halevi, Erel
N1 - Publisher Copyright:
© 2021, Springer Nature Switzerland AG.
PY - 2021
Y1 - 2021
N2 - We present an ascending-price mechanism for a multi-sided market with a variety of participants, such as manufacturers, logistics agents, insurance providers, and assemblers. Each deal in the market may consist of a combination of agents from separate categories, and different such combinations are simultaneously allowed. This flexibility lets multiple intersecting markets be resolved as a single global market. Our mechanism is obviously-truthful, strongly budget-balanced, individually rational, and attains almost the optimal gain-from-trade when the market is sufficiently large. We evaluate the performance of the suggested mechanism with experiments on real stock market data and synthetically produced data.
AB - We present an ascending-price mechanism for a multi-sided market with a variety of participants, such as manufacturers, logistics agents, insurance providers, and assemblers. Each deal in the market may consist of a combination of agents from separate categories, and different such combinations are simultaneously allowed. This flexibility lets multiple intersecting markets be resolved as a single global market. Our mechanism is obviously-truthful, strongly budget-balanced, individually rational, and attains almost the optimal gain-from-trade when the market is sufficiently large. We evaluate the performance of the suggested mechanism with experiments on real stock market data and synthetically produced data.
KW - Multi-sided markets
KW - Strong budget balance
KW - Truthful auctions
UR - http://www.scopus.com/inward/record.url?scp=85113319111&partnerID=8YFLogxK
U2 - 10.1007/978-3-030-82254-5_1
DO - 10.1007/978-3-030-82254-5_1
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AN - SCOPUS:85113319111
SN - 9783030822538
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 1
EP - 18
BT - Multi-Agent Systems - 18th European Conference, EUMAS 2021, Revised Selected Papers
A2 - Rosenfeld, Ariel
A2 - Talmon, Nimrod
PB - Springer Science and Business Media Deutschland GmbH
T2 - 18th European Conference on Multi-Agent Systems, EUMAS 2021
Y2 - 28 June 2021 through 29 June 2021
ER -