J. ACM
 2023
DOI: 10.1145/3617902
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First Price Auction is 1-1/ e 2 Efficient

Yaonan Jin,
Pinyan Lu

Abstract: We prove that the PoA of First Price Auctions is 1 − 1/ e 2 ≈ 0.8647, closing the gap between the best known bounds [0.7430, 0.8689].

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