2021
DOI: 10.3982/te3311
|View full text |Cite
|
Sign up to set email alerts
|

A dominant strategy double clock auction with estimation‐based tâtonnement

Abstract: The price mechanism is fundamental to economics but difficult to reconcile with incentive compatibility and individual rationality. We introduce a double clock auction for a homogeneous good market with multidimensional private information and multiunit traders that is deficit‐free, ex post individually rational, constrained efficient, and makes sincere bidding a dominant strategy equilibrium. Under a weak dependence and an identifiability condition, our double clock auction is also asymptotically efficient. A… Show more

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1

Citation Types

0
2
0

Year Published

2022
2022
2024
2024

Publication Types

Select...
4
1

Relationship

0
5

Authors

Journals

citations
Cited by 5 publications
(2 citation statements)
references
References 60 publications
0
2
0
Order By: Relevance
“…Thus, we propose a non-cooperative RE double auction (DA) scheme, namely RE-DA, for RE trading. DA has been used to describe resource allocation based on price regulations [87,101,102,103,104], resource allocation in combination with power allocation and interference control [105], e-markets [106,107] and energy exchange among micro-grids [108]. A DA energy trading scheme is proposed in [34] for wireless networks, without making reference though to multi-MNO implications.…”
Section: Energy and Cost Issues In Grid-connected Multi-operator Hetn...mentioning
confidence: 99%
See 1 more Smart Citation
“…Thus, we propose a non-cooperative RE double auction (DA) scheme, namely RE-DA, for RE trading. DA has been used to describe resource allocation based on price regulations [87,101,102,103,104], resource allocation in combination with power allocation and interference control [105], e-markets [106,107] and energy exchange among micro-grids [108]. A DA energy trading scheme is proposed in [34] for wireless networks, without making reference though to multi-MNO implications.…”
Section: Energy and Cost Issues In Grid-connected Multi-operator Hetn...mentioning
confidence: 99%
“…The auctioneer-aggregator applies a Vickrey-like auction on each side of the market, so that buyers and sellers report their reservation prices [87,106]. Without loss of generality and with prices of the same value being randomly sorted, the auctioneeraggregator sorts the reservation prices of sellers ∀l ∈ X and buyers ∀l ∈ Y in ascending and descending order.…”
Section: Stepmentioning
confidence: 99%