Abstract:
A general family of auction mechanisms
that admit multiple buyers and sellers determine
market-clearing prices. This system analyzes the
economic incentives facing participants in such
auctions, demonstrating that, under some
conditions, it is possible to induce truthful
revelation of values by buyers or sellers. This
system performs a computational analysis of the
auctioneer’s task using Three Phase Commit for
processing bids and calculating allocations. This
system is implemented using ASP.net
programming language.
