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- W341294564 abstract "The Vickrey sealed bid auction occupies a central place in auction theory because of its efficiency and incentive properties. Implementing the auction requires the auctioneer to solve n + 1 optimization problems, where n is the number of bidders. In this paper we survey various environments (some old and some new) where the payments bidders make under the Vickrey auction correspond to dual variables in certain linear programs. Thus, in these environments, at most two optimization problems must be solved to determine the Vickrey outcome. Furthermore, primal-dual algorithms for some of these linear programs suggest ascending auctions that implement the Vickrey outcome." @default.
- W341294564 created "2016-06-24" @default.
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- W341294564 date "2002-01-01" @default.
- W341294564 modified "2023-10-14" @default.
- W341294564 title "Linear Programming and Vickrey Auctions" @default.
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- W341294564 doi "https://doi.org/10.1007/978-1-4684-9277-4_6" @default.
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