Auctioning Public Goods to Groups of Agents

Dirk Alboth, Anat Lerner, Jonathan Shalev

نتاج البحث: ورقة عمل / طبعة اوليةورقة للنقاش

ملخص

A prot-maximizing auctioneer can provide a public good to at most one of a
number of groups of agents. The groups may have non-empty intersections. Each group member has a private value for the good being provided to the group. We investigate an auction mechanism where the auctioneer provides the good to the group with the highest sum of the agents' bids, only if this sum exceeds a minimum price declared previously by the auctioneer. For the one-group two-bidder case with private values drawn from a uniform distribution we characterize the continuously dierentiable symmetric equilibrium bidding functions for the agents, and nd the optimal minimum price for the auctioneer when such functions are used by the bidders. We also examine another interesting family of equilibrium bidding functions for this case, with a discrete number of possible bids, and show the relation (in the limit) to the dierentiable bidding functions.
اللغة الأصليةإنجليزيّة أمريكيّة
عدد الصفحات32
حالة النشرنُشِر - 1997

ملاحظة ببليوغرافية

CORE DISCUSSION PAPER 9777

بصمة

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