Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: A quantized progressive second price auction mechanism called ADQ-PSP is presented which improves upon the performance of the so-called Q-PSP mechanism presented in. Q-PSP mechanism was developed for the fast convergence properties that can be proven for it subject to the assumption that all agents share similar demand (i.e. marginal valuation) functions. For the ADQ-PSP mechanism applied to agent populations with randomly distributed demand functions it is shown in this paper that the states (i.e. bid prices and quantities) of the corresponding dynamical systems rapidly converge with high probability to a quantized (Nash) equilibrium with a common price for all agents. This property holds for ensembles containing populations which have significantly different demand functions. Furthermore, the convergence rates are independent of the number of quantization levels. Finally, the ?-efficiency of the quantized equilibria is established and numerical examples are given.
['Peng Jia', 'Peter E. Caines']
I am writing a research paper on a idea Probabilistic analysis of the rapid convergence of a class of progressive second price auctions
[{"from": "human", "value": "I am writing a research paper on a idea Probabilistic analysis of the rapid convergence of a class of progressive second price auctions"}, {"from": "gpt", "value": "Thats a unique idea.You should consider the following idea to enhance your idea so that it would impact uniquely: A quantized progressive second price auction mechanism called ADQ-PSP is presented which improves upon the performance of the so-called Q-PSP mechanism presented in. Q-PSP mechanism was developed for the fast convergence properties that can be proven for it subject to the assumption that all agents share similar demand (i.e. marginal valuation) functions. For the ADQ-PSP mechanism applied to agent populations with randomly distributed demand functions it is shown in this paper that the states (i.e. bid prices and quantities) of the corresponding dynamical systems rapidly converge with high probability to a quantized (Nash) equilibrium with a common price for all agents. This property holds for ensembles containing populations which have significantly different demand functions. Furthermore, the convergence rates are independent of the number of quantization levels. Finally, the ?-efficiency of the quantized equilibria is established and numerical examples are given."}]