First Price Auction is 1 - 1/e Efficient.

CoRR（2023）

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摘要

We prove that the PoA of First Price Auctions is 1-1/ e 2 ≈ 0.8647, closing the gap between the best known bounds [0.7430, 0.8689].

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关键词

First price auction,Bayesian Nash Equilibrium,Price of Anarchy

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