Price of Anarchy of First-Price Auctions in Agentic Markets
Paper shows competitive floors and near-independent values improve welfare in first-price agentic prompt auctions.
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Stories tagged #auctions
When Privacy Moves ML-Mediated Decisions On Device: Information and Incentive Misalignment in Auctions
On-device auction simulation shows stale budgets cause large overspend and incentive-breaking payment deviations.
Credible AUctions via MPC Gadgets: Bounding Information Leakage Under Abort
Cryptographers propose Sequential Revelation Auctions that limit abort leakage with a small MPC gadget and finite penalties.