{"title":"First Price Auction is 1 − 1/ <i>e</i> <sup>2</sup> Efficient","authors":"Yaonan Jin, Pinyan Lu","doi":"10.1145/3617902","DOIUrl":null,"url":null,"abstract":"We prove that the PoA of First Price Auctions is 1-1/ e 2 ≈ 0.8647, closing the gap between the best known bounds [0.7430, 0.8689].","PeriodicalId":50022,"journal":{"name":"Journal of the ACM","volume":"45 1","pages":"0"},"PeriodicalIF":2.3000,"publicationDate":"2023-10-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of the ACM","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1145/3617902","RegionNum":2,"RegionCategory":"计算机科学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"COMPUTER SCIENCE, HARDWARE & ARCHITECTURE","Score":null,"Total":0}
引用次数: 0
Abstract
We prove that the PoA of First Price Auctions is 1-1/ e 2 ≈ 0.8647, closing the gap between the best known bounds [0.7430, 0.8689].
期刊介绍:
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