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Lecture Notes in Computer Science
In this paper we consider the problem of designing a mechanism for double auctions where bidders each bid to buy or sell one unit of a single commodity. We assume that each bidder's utility value for the item is private to them and we focus on truthful mechanisms, ones where the bidders' optimal strategy is to bid their true utility. The profit of the auctioneer is the difference between the total payments from buyers and the total payments to the sellers. We aim to maximize this profit. Wedoi:10.1007/3-540-45749-6_34 fatcat:jv3a4j2kyretdez56li2khfmfm