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Collusion-proof and fair auctions

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  • Hagen, Martin

Abstract

In the standard auction model, we provide a necessary and sufficient condition on the value domain under which non-trivial mechanisms exist that satisfy group strategy-proofness and symmetry. In particular, this condition is satisfied (violated) if values are drawn from a finite set (an interval).

Suggested Citation

  • Hagen, Martin, 2019. "Collusion-proof and fair auctions," Economics Letters, Elsevier, vol. 185(C).
    • Handle: RePEc:eee:ecolet:v:185:y:2019:i:c:s0165176519303404
    DOI: 10.1016/j.econlet.2019.108682
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    References listed on IDEAS

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    Cited by:

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    2. Hiroki Shinozaki, 2022. "Characterizing pairwise strategy-proof rules in object allocation problems with money," ISER Discussion Paper 1187, Institute of Social and Economic Research, Osaka University.

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    More about this item

    Keywords

    Mechanism design; Social choice theory; Auctions; Group strategy-proofness; Symmetry;
    All these keywords.

    JEL classification:

    • C72 - Mathematical and Quantitative Methods - - Game Theory and Bargaining Theory - - - Noncooperative Games
    • D44 - Microeconomics - - Market Structure, Pricing, and Design - - - Auctions
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design

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