Collusive dominant-strategy truthfulness
We show that collusion and wrong beliefs may cause a dramatic efficiency loss in the Vickrey mechanism for auctioning a single good in limited supply. We thus put forward a new mechanism guaranteeing efficiency in a very adversarial collusion model, where the players can partition themselves into ar...
| Main Authors: | , |
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| Format: | Article |
| Language: | en_US |
| Published: |
© Elsevier B.V.
2022
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| Online Access: | https://doi.org/10.1016/j.jet.2012.01.021 https://hdl.handle.net/1721.1/141701 |