TY - CHAP
T1 - Negotiation-range mechanisms
T2 - Coalition-resistant markets
AU - Gonen, Rica
PY - 2004
Y1 - 2004
N2 - Negotiation-range mechanisms offer a novel approach to achieving efficient markets based on finding the maximum weighted matching in a weighted bipartite graph connecting buyers and sellers. Unlike typical markets, negotiation-range mechanisms establish negotiation terms between paired bidders rather than set a final price for each transaction. This subtle difference allows single-unit heterogenous negotiation-range markets to achieve desirable properties that cannot coexist in typical markets. This paper extends the useful properties of negotiation-range mechanisms to include coalition-resistance, making them the first markets known to offer protection from coalitions. Additionally, the notion of negotiation-range mechanisms is extended to include a restricted setting of combinatorial markets.1
AB - Negotiation-range mechanisms offer a novel approach to achieving efficient markets based on finding the maximum weighted matching in a weighted bipartite graph connecting buyers and sellers. Unlike typical markets, negotiation-range mechanisms establish negotiation terms between paired bidders rather than set a final price for each transaction. This subtle difference allows single-unit heterogenous negotiation-range markets to achieve desirable properties that cannot coexist in typical markets. This paper extends the useful properties of negotiation-range mechanisms to include coalition-resistance, making them the first markets known to offer protection from coalitions. Additionally, the notion of negotiation-range mechanisms is extended to include a restricted setting of combinatorial markets.1
UR - http://www.scopus.com/inward/record.url?scp=35048874673&partnerID=8YFLogxK
U2 - 10.1007/978-3-540-30140-0_35
DO - 10.1007/978-3-540-30140-0_35
M3 - ???researchoutput.researchoutputtypes.contributiontobookanthology.chapter???
AN - SCOPUS:35048874673
SN - 3540230254
SN - 9783540230250
T3 - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
SP - 383
EP - 394
BT - Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
A2 - Albers, Susanne
A2 - Radzik, Tomasz
PB - Springer Verlag
ER -