Abstract
Auctions have become enormously popular in recent years. A typical example is spectrum auction for distributions of licenses for electromagnetic spectrum based on simultaneous ascending-price auction. Even though this auction is popular, it is not robust against some strategic manipulations of buyers. While allowing buyers to submit alternative choices (due dates in this paper) in XOR bids, we propose a new auction mechanism called simultaneous ascending-price auction with option proposal (SAA-OP). One of the important characteristics of this mechanism is that there are two types of auction winners: an auctioneer chooses winners (exact fulfillments) or buyers take options proposed by the auctioneer (partial fulfillments). Due to this characteristic, the proposing mechanism implements an ex-post efficient equilibrium.
This material is based upon work supported by Innovation Creation Project of the Ministry of Education, Culture, Sports, Science and Technology-Japan while serving at Japan Advanced Institute of Science and Technology.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Ausubel, L.M.: An efficient ascending-bid auction for multiple objects. The RAND Journal of Economics 94(5), 1452–1475 (2004)
Ausubel, L.M., Cramton, P.: Demand reduction and inefficiency in multi-unit auction. Working paper no. 96-07, Department of Economics, University of Maryland (1996)
Che, Y.K., Kim, J.: Robustly collusion-proof implementation. Econometrica 74(4), 1063–1107 (2006)
Günlü, O., Ladányi, L., de Vries, S.: A branch-and-price algorithm and new test problems for spectrum auctions. Management Science 51(3), 391–406 (2005)
Iwasaki, A., Yokoo, M., Terada, K.: A robust open scending-price multi-unit auction protocol against false-name bids. Decision Support Systems 39, 23–39 (2005)
Juda, A.I., Parkes, D.C.: An options-based solution to the sequential auction problem. Artificial Intelligence 173(7-8), 876–899 (2009)
Klemperer, P.: What really matters in auction design. Journal of Economic Perspectives 16(1), 169–189 (2002)
Milgrom, P.: Putting auction theory to work: The simultaneous ascending auction. Journal of Political Economy 108(2), 245–272 (2000)
Nisan, N.: Bidding and allocation in combinatorial auctions. In: Proceedings of EC-2000, pp. 1–12 (2000)
Parkes, D.C.: Iterative combinatorial auctions. In: Cramton, P., Shoham, Y., Steinberg, R. (eds.) Combinatorial Auctions, ch. 2. MIT Press (2006)
Sandholm, T.: Algorithm for optimal winner determination in combinatorial auctions. Artificial Intelligence 135, 1–54 (2002)
Yokoo, M., Sakurai, Y., Matsubara, S.: Robust combinatorial auction protocol against false-name bids. Artificial Intelligence 130(2), 167–181 (2001)
Author information
Authors and Affiliations
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2012 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Furuhata, M. (2012). A Robust Multi-unit Ascending-Price Auction with Complementarities against Strategic Manipulation. In: Desai, N., Liu, A., Winikoff, M. (eds) Principles and Practice of Multi-Agent Systems. PRIMA 2010. Lecture Notes in Computer Science(), vol 7057. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-25920-3_22
Download citation
DOI: https://doi.org/10.1007/978-3-642-25920-3_22
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-25919-7
Online ISBN: 978-3-642-25920-3
eBook Packages: Computer ScienceComputer Science (R0)