Showing 1 - 10 of 18
A comprehensive book on combinatorial auctions?auctions in which bidders can bid on packages of items. The book consists of original material intended for researchers, students, and practitioners of auction design. It includes a foreword by Vernon Smith, an introduction to combinatorial...
Persistent link: https://www.econbiz.de/10004997796
An auction is combinatorial when bidders can place bids on combinations of items, called “packages,” rather than just individual items. Computer scientists are interested in combinatorial auctions because they are concerned with the expressiveness of bidding languages, as well as the...
Persistent link: https://www.econbiz.de/10004997805
Persistent link: https://www.econbiz.de/10005708169
We generalize traditional equilibrium concepts for finite games in extensive form with behavioral strategies so that they apply to all games, including games of imperfect recall. Adapting and augmenting previous de finitions (in particular, by Piccione and Rubinstein, and by Battigalli), we de...
Persistent link: https://www.econbiz.de/10013096582
We revisit classic algorithmic search and optimization problems from the perspective of competition. Rather than a single optimizer minimizing expected cost, we consider a zero-sum game in which an optimization problem is presented to two players, whose only goal is to outperform the opponent....
Persistent link: https://www.econbiz.de/10010282893
Drawing intuition from a (physical) hydraulic system, we present a novel framework, constructively showing the existence of a strong Nash equilibrium in resource selection games with nonatomic players, the coincidence of strong equilibria and Nash equilibria in such games, and the invariance of...
Persistent link: https://www.econbiz.de/10011123441
Can noncooperative behaviour of merchants lead to a market allocation that <I>prima facie</I> seems anticompetitive? We introduce a model in which service providers aim at optimizing the number of customers who use their services, while customers aim at choosing service providers with minimal customer...</i>
Persistent link: https://www.econbiz.de/10010962309
We quantify the effect of Bayesian ignorance by comparing the social cost obtained in a Bayesian game by agents with local views to the expected social cost of agents having global views. Both benevolent agents, whose goal is to minimize the social cost, and selfish agents, aiming at minimizing...
Persistent link: https://www.econbiz.de/10008562719
We consider the problem of locating a facility on a network, represented by a graph. A set of strategic agents have different ideal locations for the facility; the cost of an agent is the distance between its ideal location and the facility. A mechanism maps the locations reported by the agents...
Persistent link: https://www.econbiz.de/10008562720
The model of a non-Bayesian agent who faces a repeated game with incomplete information against Nature is an appropriate tool for modeling general agent-environment interactions. In such a model the environment state (controlled by Nature) may change arbitrarily, and the feedback/reward function...
Persistent link: https://www.econbiz.de/10014197673