Matches in SemOpenAlex for { <https://semopenalex.org/work/W2950327282> ?p ?o ?g. }
- W2950327282 abstract "We are interested in mechanisms that maximize social welfare. In [1] this problem was studied for multi-unit auctions with unit demand bidders and for the public project problem, and in each case social welfare undominated mechanisms in the class of feasible and incentive compatible mechanisms were identified. One way to improve upon these optimality results is by allowing the players to move sequentially. With this in mind, we study here sequential versions of two feasible Groves mechanisms used for single item auctions: the Vickrey auction and the Bailey-Cavallo mechanism. Because of the absence of dominant strategies in this sequential setting, we focus on a weaker concept of an optimal strategy. For each mechanism we introduce natural optimal strategies and observe that in each mechanism these strategies exhibit different behaviour. However, we then show that among all optimal strategies, the one we introduce for each mechanism maximizes the social welfare when each player follows it. The resulting social welfare can be larger than the one obtained in the simultaneous setting. Finally, we show that, when interpreting both mechanisms as simultaneous ones, the vectors of the proposed strategies form a Pareto optimal Nash equilibrium in the class of optimal strategies." @default.
- W2950327282 created "2019-06-27" @default.
- W2950327282 creator A5042418599 @default.
- W2950327282 creator A5055611129 @default.
- W2950327282 date "2008-10-17" @default.
- W2950327282 modified "2023-09-27" @default.
- W2950327282 title "Optimal Strategies in Sequential Bidding" @default.
- W2950327282 cites W1517740072 @default.
- W2950327282 cites W1840338840 @default.
- W2950327282 cites W2039634593 @default.
- W2950327282 cites W2056062533 @default.
- W2950327282 cites W2120100612 @default.
- W2950327282 cites W2151135857 @default.
- W2950327282 hasPublicationYear "2008" @default.
- W2950327282 type Work @default.
- W2950327282 sameAs 2950327282 @default.
- W2950327282 citedByCount "0" @default.
- W2950327282 crossrefType "posted-content" @default.
- W2950327282 hasAuthorship W2950327282A5042418599 @default.
- W2950327282 hasAuthorship W2950327282A5055611129 @default.
- W2950327282 hasConcept C111472728 @default.
- W2950327282 hasConcept C120665830 @default.
- W2950327282 hasConcept C121332964 @default.
- W2950327282 hasConcept C123650614 @default.
- W2950327282 hasConcept C126255220 @default.
- W2950327282 hasConcept C137635306 @default.
- W2950327282 hasConcept C138885662 @default.
- W2950327282 hasConcept C144237770 @default.
- W2950327282 hasConcept C153517567 @default.
- W2950327282 hasConcept C154945302 @default.
- W2950327282 hasConcept C162324750 @default.
- W2950327282 hasConcept C163239763 @default.
- W2950327282 hasConcept C175444787 @default.
- W2950327282 hasConcept C17744445 @default.
- W2950327282 hasConcept C189352744 @default.
- W2950327282 hasConcept C192209626 @default.
- W2950327282 hasConcept C199539241 @default.
- W2950327282 hasConcept C2777212361 @default.
- W2950327282 hasConcept C29122968 @default.
- W2950327282 hasConcept C2986314615 @default.
- W2950327282 hasConcept C33923547 @default.
- W2950327282 hasConcept C41008148 @default.
- W2950327282 hasConcept C46814582 @default.
- W2950327282 hasConcept C536738050 @default.
- W2950327282 hasConcept C68781425 @default.
- W2950327282 hasConcept C89611455 @default.
- W2950327282 hasConcept C91810955 @default.
- W2950327282 hasConcept C9233905 @default.
- W2950327282 hasConceptScore W2950327282C111472728 @default.
- W2950327282 hasConceptScore W2950327282C120665830 @default.
- W2950327282 hasConceptScore W2950327282C121332964 @default.
- W2950327282 hasConceptScore W2950327282C123650614 @default.
- W2950327282 hasConceptScore W2950327282C126255220 @default.
- W2950327282 hasConceptScore W2950327282C137635306 @default.
- W2950327282 hasConceptScore W2950327282C138885662 @default.
- W2950327282 hasConceptScore W2950327282C144237770 @default.
- W2950327282 hasConceptScore W2950327282C153517567 @default.
- W2950327282 hasConceptScore W2950327282C154945302 @default.
- W2950327282 hasConceptScore W2950327282C162324750 @default.
- W2950327282 hasConceptScore W2950327282C163239763 @default.
- W2950327282 hasConceptScore W2950327282C175444787 @default.
- W2950327282 hasConceptScore W2950327282C17744445 @default.
- W2950327282 hasConceptScore W2950327282C189352744 @default.
- W2950327282 hasConceptScore W2950327282C192209626 @default.
- W2950327282 hasConceptScore W2950327282C199539241 @default.
- W2950327282 hasConceptScore W2950327282C2777212361 @default.
- W2950327282 hasConceptScore W2950327282C29122968 @default.
- W2950327282 hasConceptScore W2950327282C2986314615 @default.
- W2950327282 hasConceptScore W2950327282C33923547 @default.
- W2950327282 hasConceptScore W2950327282C41008148 @default.
- W2950327282 hasConceptScore W2950327282C46814582 @default.
- W2950327282 hasConceptScore W2950327282C536738050 @default.
- W2950327282 hasConceptScore W2950327282C68781425 @default.
- W2950327282 hasConceptScore W2950327282C89611455 @default.
- W2950327282 hasConceptScore W2950327282C91810955 @default.
- W2950327282 hasConceptScore W2950327282C9233905 @default.
- W2950327282 hasLocation W29503272821 @default.
- W2950327282 hasOpenAccess W2950327282 @default.
- W2950327282 hasPrimaryLocation W29503272821 @default.
- W2950327282 hasRelatedWork W1549705668 @default.
- W2950327282 hasRelatedWork W1993106729 @default.
- W2950327282 hasRelatedWork W1995945259 @default.
- W2950327282 hasRelatedWork W2013641699 @default.
- W2950327282 hasRelatedWork W2028876862 @default.
- W2950327282 hasRelatedWork W2095601805 @default.
- W2950327282 hasRelatedWork W2099598692 @default.
- W2950327282 hasRelatedWork W2140919993 @default.
- W2950327282 hasRelatedWork W2144979851 @default.
- W2950327282 hasRelatedWork W2167176214 @default.
- W2950327282 hasRelatedWork W2336017646 @default.
- W2950327282 hasRelatedWork W2607052914 @default.
- W2950327282 hasRelatedWork W2768675892 @default.
- W2950327282 hasRelatedWork W2911541096 @default.
- W2950327282 hasRelatedWork W29342206 @default.
- W2950327282 hasRelatedWork W2951743913 @default.
- W2950327282 hasRelatedWork W3121776085 @default.
- W2950327282 hasRelatedWork W3123886545 @default.
- W2950327282 hasRelatedWork W3125220398 @default.
- W2950327282 hasRelatedWork W99407561 @default.
- W2950327282 isParatext "false" @default.