Name
Abstract | ||
|---|---|---|
This paper proposes a new approach to design optimal double auction mechanism with multi-objectives. In the optimal double auction mechanism, optimality is represented as multi-objectives to maximize the expected total revenue of sellers and buyers respectively at the same time. We give representation of allocation rules and payment rules of the optimal double auction mechanism that satisfies incentive compatibility, individual rationality, market clearing, and budget-balanced restrictions. Finally, we present a numerical example to demonstrate the function of the developed optimal double auction mechanism and its efficiency. |
Year | DOI | Venue |
|---|---|---|
2011 | 10.1016/j.eswa.2011.04.174 | Expert Systems with Applications |
Keywords | Field | DocType |
Double auction,Auction mechanism design,Multi-objectives,Incentive compatibility,Individual rationality,Budget-balanced | Data mining,Mathematical optimization,Incentive compatibility,Computer science,Combinatorial auction,Generalized second-price auction,Auction theory,Vickrey–Clarke–Groves auction,Revenue equivalence,Auction algorithm,Double auction | Journal |
Volume | Issue | ISSN |
38 | 11 | 0957-4174 |
Citations | PageRank | References |
3 | 0.43 | 10 |
Authors | ||
3 | ||
Name | Order | Citations | PageRank |
|---|---|---|---|
| Xian-Jia Wang | 1 | 23 | 7.48 |
| Kwai-Sang Chin | 2 | 1033 | 54.69 |
| Hong Yin | 3 | 3 | 0.43 |