Concepedia

Limitations of the Vickrey Auction in Computational Multiagent Systems

Tüomas Sandholm

1996 · 164 citations · 10 references

Concepts

BusinessComputer ScienceEconomicsAuction TheoryDistributed SystemsGame TheoryCollusion In AuctionsInformation RevelationSequential AuctionsAllocationCollusion In Dynamic AuctionsCollusion In Sequential AuctionsCollusion-resistant MechanismsEfficiency In Vickrey AuctionsSensitive Information ManagementSequential Vickrey AuctionsTruthful Bidding

Abstract

Auctions provide an efficient distributed mechanism for solving problems such as task and resource allocation in multiagent systems.

References

10

COUNTERSPECULATION, AUCTIONS, AND COMPETITIVE SEALED TENDERS

William Vickrey · The Journal of Finance · 1961 · 7.3K citations

Business, Business Economics, Economics +12

The Contract Net Protocol: High-Level Communication and Control in a Distributed Problem Solver

Smith · IEEE Transactions on Computers · 1980 · 3.7K citations

Computing, Computer Science, Computer Systems +17

Spawn: a distributed computational economy

Carl A. Waldspurger, Tad Hogg, Bernardo A. Huberman et al. · IEEE Transactions on Software Engineering · 1992 · 651 citations

Computing, Computer Science, Computer Systems +17

Analyzing the Airwaves Auction

R. Preston McAfee, John McMillan · The Journal of Economic Perspectives · 1996 · 539 citations · Full text

Business, Business Economics, Economics +17

An implementation of the contract net protocol based on marginal cost calculations

Tüomas Sandholm · National Conference on Artificial Intelligence · 1993 · 463 citations

Computing, Computer Science, Computer Networks +14