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Consider a social choice setting in which agents have quasilinear utilities over monetary transfers. A domain D of admissible valuation functions of an agent is called a revenue monotonicity domain if every 2-cycle monotone allocation rule is truthfully implementable (in dominant strategies) and...
Persistent link: https://www.econbiz.de/10011251905
The paper introduces a model for online parallel machine scheduling, where any single machine is run on the basis of a locally optimal sequencing policy. Jobs choose the machine on which they want to be processed themselves, and in addition, any job owns a piece of private information, namely...
Persistent link: https://www.econbiz.de/10011199127
We study the online version of the classical parallel machine scheduling problem to minimize the total weighted completion time from a new perspective: We assume a strategic setting, where the data of each job j, namely its release date r(j) , its processing time p(j) and its weight w(j) is only...
Persistent link: https://www.econbiz.de/10011199137
In this paper we present a new iterative auction, the bisection auction, that can be used for the sale of a single indivisable object. We will show that the bisection auction is computationally more efficient than the classical English auction while it still preserves all characteristics the...
Persistent link: https://www.econbiz.de/10011199139
Auctions are probably the most important mechanism for dynamic pricing in electronic commerce. Although they constitute a very old mechanism as well, the new popularity has raisen a lot of questions on the appropriate design of an auction mechanism for a particular situation. This chapter...
Persistent link: https://www.econbiz.de/10011201938
In this paper, we survey different models, techniques, and some recent results to tackle machine scheduling problems within a distributed setting. In traditional optimization, a central authority is asked to solve a (computationally hard) optimization problem. In contrast, in distributed...
Persistent link: https://www.econbiz.de/10011202041
We study the problem of finding the profit-maximizing mechanism for a monopolistic provider of a single, non-excludable public good. Our model covers the most general setting, namely, we allow for correlation in the signal distribution as well as for informational externalities in the...
Persistent link: https://www.econbiz.de/10011049766
This paper studies the sales of a single indivisible object where bidders have continuous valuations. In Grigorieva et al. [14] it was shown that, in this setting, query auctions necessarily allocate inefficiently in equilibrium. In this paper we propose a new sequential auction, called the...
Persistent link: https://www.econbiz.de/10011052488