Negotiation-range mechanisms: Exploring the limits of truthful efficient markets

Yair Bartal, Rica Gonen, Pierfrancesco La Mura

نتاج البحث: نتاج بحثي من مؤتمرمحاضرةمراجعة النظراء


This paper introduces a new class of mechanisms based on negotiation between market participants. This model allows us to circumvent Myerson and Satterthwaite's impossibility result and present a bilateral market mechanism that is efficient, individually rational, incentive compatible and budget balanced in the single-unit heterogeneous setting. The underlying scheme makes this combination of desirable qualities possible by reporting a price range for each buyer-seller pair that defines a zone of possible agreements, while the final price is left open for negotiation.

اللغة الأصليةالإنجليزيّة
عدد الصفحات8
المعرِّفات الرقمية للأشياء
حالة النشرنُشِر - 2004
منشور خارجيًانعم
الحدثProceedings of the 5th ACM Conference on Electronic Commerce,EC'04 - New York, NY, الولايات المتّحدة
المدة: ١٧ مايو ٢٠٠٤٢٠ مايو ٢٠٠٤


!!ConferenceProceedings of the 5th ACM Conference on Electronic Commerce,EC'04
الدولة/الإقليمالولايات المتّحدة
المدينةNew York, NY

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