Auctioning a cake: truthful auctions of heterogeneous divisible goods

Abstract

We consider the problem of auctioning a one-dimensional continuously-divisible heterogeneous good (a.k.a.“the cake”) among multiple agents. Applications include auctioning of time intervals, e.g. auctioning time for usage of a shared device, auctioning TV commercial slots, and more. Different agents may have different valuations for the different possible… (More)

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