Existence and computation of equilibria of first-price auctions with integral valuations and bids

Research output: Chapter in Book/Report/Conference proceedingsChapterpeer-review

Abstract

We consider existence and computation of symmetric Pure Strategy Nash Equilibrium (PSNE) in single-item, sealed- bid, first-price auctions with integral valuations and bids. For the most general case, we show that existence of PSNE is NP-hard. Then, we present algorithmic results for the case of independent valuations and two ways of breaking ties: Vickrey tie-breaking and random tie-breaking.

Original languageEnglish
Title of host publication8th International Joint Conference on Autonomous Agents and Multiagent Systems 2009, AAMAS 2009
PublisherInternational Foundation for Autonomous Agents and Multiagent Systems (IFAAMAS)
Pages1080-1081
Number of pages2
ISBN (Print)9781615673346
Publication statusPublished - 2009
Externally publishedYes
Event8th International Joint Conference on Autonomous Agents and Multiagent Systems 2009, AAMAS 2009 - Budapest, Hungary
Duration: 10 May 200915 May 2009

Publication series

NameProceedings of the International Joint Conference on Autonomous Agents and Multiagent Systems, AAMAS
Volume2
ISSN (Print)1548-8403
ISSN (Electronic)1558-2914

Conference

Conference8th International Joint Conference on Autonomous Agents and Multiagent Systems 2009, AAMAS 2009
Country/TerritoryHungary
CityBudapest
Period10/05/0915/05/09

Keywords

  • Aamas proceedings
  • Economics
  • Interactions::auctions and related structures
  • Theoretical

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