We show that no efficient ascending auction can guarantee to find even a minimal envy-free price vector if all valuations are submodular, assuming a basic complexity theory's assumption.
Cite
@article{arxiv.2312.00522,
title = {No Ascending Auction can find Equilibrium for SubModular valuations},
author = {Oren Ben-Zwi and Ilan Newman},
journal= {arXiv preprint arXiv:2312.00522},
year = {2023}
}
Comments
arXiv admin note: text overlap with arXiv:1301.1153