Settling the Efficiency of the First-Price Auction

ACM SIGECOM EXCHANGES（2022）

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摘要

We survey the main result from [Jin and Lu 2022]: For the first-price auction, the tight Price of Anarchy is 1-1/e(2) approximate to 0.8647, which closes the gap between the best known bounds [0.7430, 0.8689].

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关键词

First-Price Auction, Price of Anarchy

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