TY - GEN
T1 - A global multi-sided market with ascending-price mechanism
AU - Gonen, Rica
AU - Segal-Halevi, Erel
N1 - Publisher Copyright:
© 2021 International Foundation for Autonomous Agents and Multiagent Systems (www.ifaamas.org). All rights reserved.
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.
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.
KW - Multi-Sided Markets
KW - Strong Budget Balance
KW - Truthful Auctions
UR - http://www.scopus.com/inward/record.url?scp=85108890730&partnerID=8YFLogxK
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AN - SCOPUS:85108890730
T3 - Proceedings of the International Joint Conference on Autonomous Agents and Multiagent Systems, AAMAS
SP - 1503
EP - 1505
BT - 20th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2021
T2 - 20th International Conference on Autonomous Agents and Multiagent Systems, AAMAS 2021
Y2 - 3 May 2021 through 7 May 2021
ER -