Publisher Summary This chapter describes several forms of auctions, presents the
formulations used in the main models, reviews some of the general results and empirical …

The Metaverse is regarded as the next-generation Internet paradigm that allows humans to
play, work, and socialize in an alternative virtual world with an immersive experience, for …

A double auction mechanism that provides dominant strategies for both buyers and sellers is
analyzed. This mechanism satisfies the 1 n convergence to efficiency of the buyer's bid …

Traditionally engineers devised communication services without reference to how they
should be priced. In today's environment pricing is a very complex subject and in practice …

This chapter standardizes terminology, places the double auction (DA) institution and its
variants in the taxonomy of market institutions, and distinguishes the different sorts of trading …

This chapter describes the alternative form of auction which allows continuous orders but
executes contracts in real time as in a call market. Since contracts are executed at a single …

Daniel Kahneman and Vernon Smith were the joint recipients of the 2002 Nobel Prize in
Economics. Kahneman's work challenges the assumption that individuals behave in a …

This paper reports on the design and comparison of two economically inspired mechanisms
for task allocation in environments where sellers have finite production capacities and a cost …

Combining experimental data sets from seven individual studies, including 255 asset
markets with 2,031 participants, and 36,326 short-term price forecasts, we analyze the role …

Our paper (Firm incentives to promote technological change in pollution control, J. Environ.
Econom. Management 17, 247–265 (1989)) concluded that firms will most actively search …