First Price Auction is 1 − 1/ e ² Efficient

Journal of the ACM（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

<sup>2</sup>,price,efficient,first

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First Price Auction is 1 − 1/ e 2 Efficient