Theory and Experiment of Efficient Multi-item Auctions with Financial Constraints
| Project/Area Number |
19K13653
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| Research Category |
Grant-in-Aid for Early-Career Scientists
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| Allocation Type | Multi-year Fund |
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| Review Section |
Basic Section 07010:Economic theory-related
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| Research Institution | Kyoto University |
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Principal Investigator |
ZHOU YU 京都大学, 経済学研究科, 特定講師 (40807450)
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| Project Period (FY) |
2019-04-01 – 2023-03-31
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| Project Status |
Completed (Fiscal Year 2022)
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| Budget Amount *help |
¥4,030,000 (Direct Cost: ¥3,100,000、Indirect Cost: ¥930,000)
Fiscal Year 2021: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
Fiscal Year 2020: ¥1,430,000 (Direct Cost: ¥1,100,000、Indirect Cost: ¥330,000)
Fiscal Year 2019: ¥1,300,000 (Direct Cost: ¥1,000,000、Indirect Cost: ¥300,000)
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| Keywords | Auction and matching / Financial constraints / Mechanism design / Competitive equilibrium / Stability and core / Auction / Efficiency / Experiment / Stable outcome / Strategy-proofness / Core outcome / Multi-item auction / Experimental test / Market design |
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| Outline of Research at the Start |
This project addresses three issues: Issue 1: Efficient multi-item auction theory with unit-demand financially constrained bidders; Issue 2: Efficient multi-item auction theory with multi-unit-demand financially constrained bidders; Issue 3: Experiments on auction performance and bidders’ auction behavior of Issue 1. The obtained results establish the theoretical foundation of efficient multi-item auctions with financial constraints. They also provide the first experimental test of efficient auction theory with financial constraints.
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| Outline of Final Research Achievements |
This project is aimed at providing a systematical analysis of a systematic study of efficient multi-item auctions with financial constraints. During the four-year research period (including one-year carry-over due to the Covid-19), the project went on well and I obtained several research achievements. The first achievement is that I published five papers in peer-reviewed international top economic journals. The second research achievement is that I presented my research results in a variety of important domestic and international seminars and conferences. In my talks, I intersected with international famous researchers and collected comments from them to improve my results. Such communications also helped advice the importance of this project. I believed that results generated by this projects have obtained wide recognitions of international academia.
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| Academic Significance and Societal Importance of the Research Achievements |
(1) My work is published in peer-reviewed international top journal;(2) My seminar and conference presentations obtain wide recognitions of international academia;(3) The obtained results can be patented in the near future; (4) I got two international acedemic awards
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Report
(5 results)
Research Products
(16 results)
