A multi-item auction with budget-constrained bidders and price controls

被引：0
|
作者：
Zhou, Yu [1 ]
机构：
[1] Osaka Univ, Grad Sch Econ, 1-7 Machikaneyama, Toyonaka, Osaka 5600043, Japan
来源：
ECONOMICS LETTERS | 2017年 / 155卷
关键词：
Rationed equilibrium; Budget constraints; Price controls; Core allocation; Multi-item auction;
D O I：
10.1016/j.econlet.2017.03.012
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We extend the multi-item auction model of Talman and Yang (2008) and Andersson et al. (2015) by considering both unit-demand bidders with budget constraints and price controls on bidding items. Due to these budget and price restrictions, a Walrasian equilibrium generally fails to exist. To achieve efficiency, we propose a rationed equilibrium whose allocation is in the core. We also construct an ascending auction to find the proposed rationed equilibrium in (pseudo-)polynomial time. (C) 2017 Elsevier B.V. All rights reserved.
引用
收藏
页码：76 / 79
页数：4
相关论文
共 50 条
  • [31] Welfare Maximization Algorithm for Solving Budget-Constrained Multi-Component POMDPs
    Vora, Manav
    Thangeda, Pranay
    Grussing, Michael N.
    Ornik, Melkior
    IEEE CONTROL SYSTEMS LETTERS, 2023, 7 : 1736 - 1741
  • [32] Multi-item EOQ model while demand is sales price and price break sensitive
    Pal, Brojeswar
    Sana, Shib Sankar
    Chaudhuri, Kripasindhu
    ECONOMIC MODELLING, 2012, 29 (06) : 2283 - 2288
  • [33] CONSTRAINED INTEGRATED INVENTORY MODEL FOR MULTI-ITEM UNDER MIXTURE OF DISTRIBUTIONS
    Uthayakumar, R.
    Kumar, M. Ganesh
    RAIRO-OPERATIONS RESEARCH, 2018, 52 (03) : 849 - 893
  • [34] Multi-Item Auction Based Mechanism for Mobile Data Offloading: A Robust Optimization Approach
    Liu, Dongqing
    Hafid, Abdelhakim
    Khoukhi, Lyes
    IEEE TRANSACTIONS ON VEHICULAR TECHNOLOGY, 2020, 69 (04) : 4155 - 4168
  • [35] Budget-Constrained Item Cold-Start Handling in Collaborative Filtering Recommenders via Optimal Design
    Anava, Oren
    Golan, Shahar
    Golbandi, Nadav
    Karnin, Zohar
    Lempel, Ronny
    Rokhlenko, Oleg
    Somekh, Oren
    PROCEEDINGS OF THE 24TH INTERNATIONAL CONFERENCE ON WORLD WIDE WEB (WWW 2015), 2015, : 45 - 54
  • [36] Modeling and optimization of multi-item multi-constrained EOQ model for growing items
    Khalilpourazari, Soheyl
    Pasandideh, Seyed-Larnid Reza
    KNOWLEDGE-BASED SYSTEMS, 2019, 164 : 150 - 162
  • [37] Please or Squeeze? Brand performance implications of constrained and unconstrained multi-item promotions
    Foubert, Bram
    Gijsbrechts, Els
    EUROPEAN JOURNAL OF OPERATIONAL RESEARCH, 2010, 202 (03) : 880 - 892
  • [38] A multi-item constrained EOQ calculation algorithm with exit condition: a comparative analysis
    Miranda, Salvatore
    Fera, Marcello
    Iannone, Raffaele
    Riemma, Stefano
    IFAC PAPERSONLINE, 2015, 48 (03): : 1314 - 1319
  • [39] CONSTRAINED MULTI-ITEM INVENTORY SYSTEMS WITH QUANTITY DISCOUNTS VIA EVOLUTIONARY ALGORITHM
    Jucan, Daniela
    Tudose, Lucian
    Bojan, Ioan
    ANNALS OF DAAAM FOR 2009 & PROCEEDINGS OF THE 20TH INTERNATIONAL DAAAM SYMPOSIUM, 2009, 20 : 1543 - 1544
  • [40] Price-based, budget-constrained user-level traffic management in multiple service networks
    Tareen, S
    Znati, TF
    Weiss, MBH
    GLOBECOM '01: IEEE GLOBAL TELECOMMUNICATIONS CONFERENCE, VOLS 1-6, 2001, : 2445 - 2449
12345