Approximately efficient bilateral trade

Y Deng, J Mao, B Sivan, K Wang - Proceedings of the 54th Annual ACM …, 2022 - dl.acm.org
We study bilateral trade between two strategic agents. The celebrated result of Myerson and
Satterthwaite states that in general, no incentive-compatible, individually rational and weakly …

An online learning theory of brokerage

N Bolić, T Cesari, R Colomboni - arxiv preprint arxiv:2310.12107, 2023 - arxiv.org
We investigate brokerage between traders from an online learning perspective. At any round
$ t $, two traders arrive with their private valuations, and the broker proposes a trading price …

Efficient two-sided markets with limited information

P Dütting, F Fusco, P Lazos, S Leonardi… - Proceedings of the 53rd …, 2021 - dl.acm.org
A celebrated impossibility result by Myerson and Satterthwaite (1983) shows that any truthful
mechanism for two-sided markets that maximizes social welfare must run a deficit, resulting …

Fixed-price approximations in bilateral trade

ZY Kang, F Pernice, J Vondrák - Proceedings of the 2022 Annual ACM-SIAM …, 2022 - SIAM
We consider the bilateral trade problem, in which two agents trade a single indivisible item. It
is known that the only dominant-strategy truthful mechanism is the fixed-price mechanism …

Mechanism Design for ZK-Rollup Prover Markets

W Wang, L Zhou, A Yaish, F Zhang, B Fisch… - arxiv preprint arxiv …, 2024 - arxiv.org
In ZK-Rollups, provers spend significant computational resources to generate validity proofs.
Their costs should be compensated properly, so a sustainable prover market can form over …

Interactive communication in bilateral trade

J Mao, RP Leme, K Wang - arxiv preprint arxiv:2106.02150, 2021 - arxiv.org
We define a model of interactive communication where two agents with private types can
exchange information before a game is played. The model contains Bayesian persuasion as …

The Competition Complexity of Prophet Inequalities

J Brustle, J Correa, P Dütting, T Ezra… - Proceedings of the 25th …, 2024 - dl.acm.org
We study the classic single-choice prophet inequality problem through a resource
augmentation lens. Our goal is to bound the (1-ε)-competition complexity of different types of …

On the optimal fixed-price mechanism in bilateral trade

Y Cai, J Wu - Proceedings of the 55th Annual ACM Symposium on …, 2023 - dl.acm.org
We study the problem of social welfare maximization in bilateral trade, where two agents, a
buyer and a seller, trade an indivisible item. The seminal result of Myerson and Satterthwaite …

On multi-dimensional gains from trade maximization

Y Cai, K Goldner, S Ma, M Zhao - Proceedings of the 2021 ACM-SIAM …, 2021 - SIAM
We study gains from trade in multi-dimensional two-sided markets. Specifically, we focus on
a setting with n heterogeneous items, where each item is owned by a different seller i, and …

Structural Complexities of Matching Mechanisms

YA Gonczarowski, C Thomas - Proceedings of the 56th Annual ACM …, 2024 - dl.acm.org
We study various novel complexity measures for two-sided matching mechanisms, applied
to the two canonical strategyproof matching mechanisms, Deferred Acceptance (DA) and …