The paper develops a distributed systems architecture for dependable Internet based online auctions, meeting the requirements of data integrity, responsiveness, fairness and scalability. Current auction services essentially rely on a centralised auction server. Such an approach is fundamentally restrictive with respect to scalability. It is well-known that a tree-based, recursive design approac...

We consider auction games where, prior to the auction, bidders spend resources to increase their valuations. The market game is solved by solving an equivalent auxiliary social choice problem. We show that standard auctions are fully efficient, whereas reserve price requirements entail a double inefficiency. Moreover, we explain how optimal auctions differ from the well-known static optimum, an...

This paper inquires about the ability of double auction institutions to aggregate information in the context of a " common value " information structure that is known to produce the winner's curse in sealed bid environments. While many fundamental features of the economic environment are different from those studied in the context of sealed bids, the pattern of information distributed to the po...

The unprecedented growth of demand for charging electric vehicles (EVs) calls novel expansion solutions to today’s networks. Riding on the wave proliferation sharing economy, Airbnb-like charger markets open opportunity expand existing networks without requiring costly and time-consuming infrastructure investments, yet successful design such relies innovations at interface between game theory, ...