We address the scheduling problem of reordering an existing queue into its efficient order through trade. To that end …

networks. We analyze a two-station multiclass queueing network in which the system manager chooses the scheduling rule and … under some scheduling rules. We also design a nontrivial scheduling rule that negates the performance degradation resulting …

revenue-maximizing and socially optimal equilibria under uniform pricing, preemptive, and nonpreemptive priority auctions with … conditional bid equilibria are unique and induce the socially optimal allocations. The auctions yield gains in system net value … and provider profit over uniform pricing, which are dramatically larger for the preemptive mechanism. Both auctions …

Auctions are an ancient economic institution. Since Vickrey (1961), the development of auction theory has lead to an … explaining their enduring popularity. Given the pervasiveness of auctions, the question of how a seller should engineer the rules …

sealed-bid and clock auctions. We find that the efficient bid levels in the sealed-bid second-price auction may be non … upcoming 3G spectrum auction, rather than the seemingly superior HRB auction. Chapter 3: Discrete Clock Auctions: An … Experimental Study We analyze the implications of different pricing rules in discrete clock auctions. The two most common pricing …

This paper studies multiple object auctions when there are two kinds of bidders: those interested in the bundle being …-price auctions allows the implementation of the optimal mechanism, while a combination of first-price auctions does not. …