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- W2024793666 abstract "Deferred-acceptance auctions are auctions for binary single-parameter mechanism design problems whose allocation rule can be implemented using an adaptive reverse greedy algorithm. Milgrom and Segal [2014] recently introduced these auctions and proved that they satisfy a remarkable list of incentive guarantees: in addition to being dominant-strategy incentive-compatible, they are weakly group-strategyproof, can be implemented by ascending-clock auctions, and admit outcome-equivalent full-information pay-as-bid versions. Neither forward greedy mechanisms nor the VCG mechanism generally possess any of these additional incentive properties. The goal of this paper is to initiate the study of deferred-acceptance auctions from an approximation standpoint. We study these auctions through the lens of two canonical welfare-maximization problems, in knapsack auctions and in combinatorial auctions with single-minded bidders." @default.
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- W2024793666 date "2014-06-01" @default.
- W2024793666 modified "2023-10-10" @default.
- W2024793666 title "The performance of deferred-acceptance auctions" @default.
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- W2024793666 doi "https://doi.org/10.1145/2600057.2602861" @default.
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