2015 Fiscal Year Final Research Report
Axiomatization of auction rules with non-bossiness
| Project/Area Number |
25780139
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| Research Category |
Grant-in-Aid for Young Scientists (B)
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| Allocation Type | Multi-year Fund |
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| Research Field |
Economic theory
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| Research Institution | Takasaki City University of Economics (2014-2015)
Waseda University (2013) |
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Principal Investigator |
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| Project Period (FY) |
2013-04-01 – 2016-03-31
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| Keywords | メカニズムデザイン / オークション / Non-bossiness / Strategy-proofness |
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| Outline of Final Research Achievements |
Non-bossiness requires that any bidder cannot make a bid that affects other bidders' welfare without change of his own outcome. This study shows that first-price auction is the only rule satisfying non-bossiness together with efficiency, anonymity, and individual rationality among all auction rules, and the relationship between this auction and second-price auction, which played a central role in the existing literature, is a trade-off between ``requiring strategy-proofness or non-bossiness.'' In addition, we studied on strategy-proofness and non-bossiness in general environments and matching problems.
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| Free Research Field |
理論経済学
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