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Designing the Perfect Auction.

The article discusses distributed algorithmic mechanism design (DAMD). DAMD sits at the confluence of econometrics and algorithm design, and focuses on developing procedures aimed at achieving some maximal or optimally efficient end. Auctions are a good example. Although many types of auctions exist...

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Published in:Communications of the ACM Vol. 51; no. 8; pp. 9 - 12
Main Author: Varian, Hal R.
Format: Article
Published: Association for Computing Machinery Aug2008
Subjects:
Distributed algorithms
Algorithms
Econometrics
Computer programming
Constrained optimization
Econometric models
Auctions
Online Access:View this record in EBSCOhost