Kojima, Fuhito; Yamashita, Takuro - In: Theoretical economics : TE ; an open access journal in … 12 (2017) 3, pp. 1393-1438
We study a double auction environment where buyers and sellers have interdependent valuations and multi-unit demand and supply. We propose a new mechanism that satisfies ex post incentive compatibility, individual rationality, feasibility, nonwastefulness, and no budget deficit. Moreover, this...