Abstract
Novel auction schemes are constantly being designed. Their design has significant consequences for the allocation of goods and the revenues generated. But how to tell whether a new design has the desired properties, such as efficiency, i.e. allocating goods to those bidders who value them most? We say: by formal, machine-checked proofs. We investigated the suitability of the Isabelle, Theorema, Mizar, and Hets/CASL/TPTP theorem provers for reproducing a key result of auction theory: Vickrey’s 1961 theorem on the properties of second-price auctions. Based on our formalisation experience, taking an auction designer’s perspective, we give recommendations on what system to use for formalising auctions, and outline further steps towards a complete auction theory toolbox.
| Original language | English |
|---|---|
| Title of host publication | Intelligent Computer Mathematics |
| Editors | Jacques Carette, James Davenport, Wolfgang Windsteiger, Petr Sojka, David Aspinall, Christoph Lange |
| Publisher | Springer |
| Pages | 200-215 |
| Volume | 7961 |
| ISBN (Electronic) | 978-3-642-39320-4 |
| ISBN (Print) | 978-3-642-39319-8 |
| DOIs | |
| Publication status | Published - 2013 |
| Event | Conferences on Intelligent Computer Mathematics - Bath, United Kingdom Duration: 8 Jul 2013 → 12 Jul 2013 |
Publication series
| Name | Lecture Notes in Computer Science |
|---|---|
| Publisher | Springer |
| Volume | 7961 |
| ISSN (Print) | 0302-9743 |
Conference
| Conference | Conferences on Intelligent Computer Mathematics |
|---|---|
| Country/Territory | United Kingdom |
| City | Bath |
| Period | 8/07/13 → 12/07/13 |
Fingerprint
Dive into the research topics of 'A Qualitative Comparison of the Suitability of Four Theorem Provers for Basic Auction Theory'. Together they form a unique fingerprint.Projects
- 1 Finished
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Formal Representation and Proof for Cooperative Games: A Foundation for Complex Social Behaviour
Kerber, M. (Principal Investigator) & Rowat, C. (Co-Investigator)
Engineering & Physical Science Research Council
1/05/12 → 30/04/15
Project: Research Councils
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