Matches in SemOpenAlex for { <https://semopenalex.org/work/W2034266618> ?p ?o ?g. }
Showing items 1 to 58 of
58
with 100 items per page.
- W2034266618 abstract "Internet auctions are becoming an especially popular part of Electronic Commerce and auction protocols have been studied very widely in the field of multi-agent systems and AI. However, correctly judging the quality of auctioned goods is often difficult for non-experts (amateurs), in particular, on the Internet auctions. In this paper, we formalize such a situation so that Nature selects the quality of the auctioned good. Experts can observe Nature's selection (i.e., the quality of the good) correctly, while amateurs including the auctioneer cannot. In other words, the information on Nature's selection is asymmetric between experts and amateurs. In this situation, it is difficult to attain an efficient allocation, since experts have a clear advantage over amateurs and they would not reveal their valuable information without some reward. Thus, in this paper, we develop a new auction protocol in which truth-telling is a dominant strategy for each expert. This can be done by putting these experts in a situation similar to Prisoner's Dilemma. If they cooperate and tell lies, they can exclude amateurs, but betraying is a dominant strategy. By making experts to elicit their information on the quality of the good, the protocol can achieve a socially desirable, i.e., Pareto efficient allocation if certain assumptions are satisfied." @default.
- W2034266618 created "2016-06-24" @default.
- W2034266618 creator A5007575213 @default.
- W2034266618 creator A5015129790 @default.
- W2034266618 creator A5048575057 @default.
- W2034266618 date "2002-01-01" @default.
- W2034266618 modified "2023-10-14" @default.
- W2034266618 title "Designing an auction protocol under asymmetric information on nature's selection" @default.
- W2034266618 cites W1494498837 @default.
- W2034266618 cites W1584731082 @default.
- W2034266618 cites W1793139196 @default.
- W2034266618 cites W1993511034 @default.
- W2034266618 cites W2008519844 @default.
- W2034266618 cites W2010987891 @default.
- W2034266618 cites W2029459238 @default.
- W2034266618 cites W2098755476 @default.
- W2034266618 cites W2127816408 @default.
- W2034266618 cites W2301088579 @default.
- W2034266618 doi "https://doi.org/10.1145/544741.544759" @default.
- W2034266618 hasPublicationYear "2002" @default.
- W2034266618 type Work @default.
- W2034266618 sameAs 2034266618 @default.
- W2034266618 citedByCount "13" @default.
- W2034266618 crossrefType "proceedings-article" @default.
- W2034266618 hasAuthorship W2034266618A5007575213 @default.
- W2034266618 hasAuthorship W2034266618A5015129790 @default.
- W2034266618 hasAuthorship W2034266618A5048575057 @default.
- W2034266618 hasConcept C142724271 @default.
- W2034266618 hasConcept C154945302 @default.
- W2034266618 hasConcept C204787440 @default.
- W2034266618 hasConcept C2780385302 @default.
- W2034266618 hasConcept C41008148 @default.
- W2034266618 hasConcept C71924100 @default.
- W2034266618 hasConcept C81917197 @default.
- W2034266618 hasConceptScore W2034266618C142724271 @default.
- W2034266618 hasConceptScore W2034266618C154945302 @default.
- W2034266618 hasConceptScore W2034266618C204787440 @default.
- W2034266618 hasConceptScore W2034266618C2780385302 @default.
- W2034266618 hasConceptScore W2034266618C41008148 @default.
- W2034266618 hasConceptScore W2034266618C71924100 @default.
- W2034266618 hasConceptScore W2034266618C81917197 @default.
- W2034266618 hasLocation W20342666181 @default.
- W2034266618 hasOpenAccess W2034266618 @default.
- W2034266618 hasPrimaryLocation W20342666181 @default.
- W2034266618 hasRelatedWork W1500064003 @default.
- W2034266618 hasRelatedWork W1516169988 @default.
- W2034266618 hasRelatedWork W196405095 @default.
- W2034266618 hasRelatedWork W2049172720 @default.
- W2034266618 hasRelatedWork W2085949256 @default.
- W2034266618 hasRelatedWork W2370697888 @default.
- W2034266618 hasRelatedWork W2373532818 @default.
- W2034266618 hasRelatedWork W2562070253 @default.
- W2034266618 hasRelatedWork W2606073172 @default.
- W2034266618 hasRelatedWork W2970622411 @default.
- W2034266618 isParatext "false" @default.
- W2034266618 isRetracted "false" @default.
- W2034266618 magId "2034266618" @default.
- W2034266618 workType "article" @default.