Stability of the truth-telling strategy in multi-unit option allocation auctions: laboratory experimentation

Abstract

This paper investigates the performance and bidding behavior in a multi-unit option allocation auction protocol, employing laboratory experiments. In the protocol, truthtelling is a weakly dominant strategy, even if the marginal values of each agent can increase and agents can submit “false-name bids.” However, such new protocols have not been widely used… (More)
DOI: 10.1109/AAMAS.2004.250

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@article{Iwasaki2004StabilityOT, title={Stability of the truth-telling strategy in multi-unit option allocation auctions: laboratory experimentation}, author={Atsushi Iwasaki and Makoto Yokoo and Masafumi Matsuda}, journal={Proceedings of the Third International Joint Conference on Autonomous Agents and Multiagent Systems, 2004. AAMAS 2004.}, year={2004}, pages={1282-1283} }