Probabilistic analysis of the rapid convergence of a class of progressive second price auctions

Abstract

A quantized progressive second price auction mechanism called ADQ-PSP is presented which improves upon the performance of the so-called Q-PSP mechanism presented in. Q-PSP mechanism was developed for the fast convergence properties that can be proven for it subject to the assumption that all agents share similar demand (i.e. marginal valuation) functions… (More)
DOI: 10.1109/CDC.2008.4738808

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