Article ID Journal Published Year Pages File Type
5071345 Games and Economic Behavior 2017 22 Pages PDF
Abstract
For ascending and descending auctions we suggest a universal framework for finding the minimum or maximum Walrasian price vectors for monotone gross substitute combinatorial auctions. An ascending (descending) auction is guaranteed to find the minimum (maximum) Walrasian if and only if it follows the suggested framework.
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Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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Walrasian's characterization and a universal ascending auction
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