{"id":"https://openalex.org/W4405487358","doi":"https://doi.org/10.1145/3670865.3673569","title":"Augmenting Batch Exchanges with Constant Function Market Makers","display_name":"Augmenting Batch Exchanges with Constant Function Market Makers","publication_year":2024,"publication_date":"2024-07-08","ids":{"openalex":"https://openalex.org/W4405487358","doi":"https://doi.org/10.1145/3670865.3673569"},"language":"en","primary_location":{"id":"doi:10.1145/3670865.3673569","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3670865.3673569","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3670865.3673569?download=true","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 25th ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://dl.acm.org/doi/pdf/10.1145/3670865.3673569?download=true","any_repository_has_fulltext":null},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5030613484","display_name":"Geoffrey Ramseyer","orcid":"https://orcid.org/0000-0003-3205-2457"},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Geoffrey Ramseyer","raw_affiliation_strings":["Stanford University, Stanford, California, United States of America"],"raw_orcid":"https://orcid.org/0000-0003-3205-2457","affiliations":[{"raw_affiliation_string":"Stanford University, Stanford, California, United States of America","institution_ids":["https://openalex.org/I97018004"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5040410978","display_name":"Mohak Goyal","orcid":"https://orcid.org/0000-0002-1176-5549"},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Mohak Goyal","raw_affiliation_strings":["Stanford University, Stanford, California, USA"],"raw_orcid":"https://orcid.org/0000-0002-1176-5549","affiliations":[{"raw_affiliation_string":"Stanford University, Stanford, California, USA","institution_ids":["https://openalex.org/I97018004"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5052977665","display_name":"Ashish Goel","orcid":"https://orcid.org/0000-0002-6598-4712"},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"Ashish Goel","raw_affiliation_strings":["Stanford University, Stanford, California, United States of America"],"raw_orcid":"https://orcid.org/0000-0002-6598-4712","affiliations":[{"raw_affiliation_string":"Stanford University, Stanford, California, United States of America","institution_ids":["https://openalex.org/I97018004"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5085123747","display_name":"David Mazi\u00e8res","orcid":"https://orcid.org/0000-0002-1253-6449"},"institutions":[{"id":"https://openalex.org/I97018004","display_name":"Stanford University","ror":"https://ror.org/00f54p054","country_code":"US","type":"education","lineage":["https://openalex.org/I97018004"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"David Mazi\u00e8res","raw_affiliation_strings":["Stanford University, Stanford, California, USA"],"raw_orcid":"https://orcid.org/0000-0002-1253-6449","affiliations":[{"raw_affiliation_string":"Stanford University, Stanford, California, USA","institution_ids":["https://openalex.org/I97018004"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":4,"corresponding_author_ids":["https://openalex.org/A5030613484"],"corresponding_institution_ids":["https://openalex.org/I97018004"],"apc_list":null,"apc_paid":null,"fwci":2.1634,"has_fulltext":true,"cited_by_count":2,"citation_normalized_percentile":{"value":0.92450172,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":96},"biblio":{"volume":null,"issue":null,"first_page":"986","last_page":"1016"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T12137","display_name":"Economic theories and models","score":0.9970999956130981,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11182","display_name":"Auction Theory and Applications","score":0.9916999936103821,"subfield":{"id":"https://openalex.org/subfields/1803","display_name":"Management Science and Operations Research"},"field":{"id":"https://openalex.org/fields/18","display_name":"Decision Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10067","display_name":"Stochastic processes and financial applications","score":0.9860000014305115,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/constant","display_name":"Constant (computer programming)","score":0.7535789012908936},{"id":"https://openalex.org/keywords/function","display_name":"Function (biology)","score":0.5640468597412109},{"id":"https://openalex.org/keywords/computer-science","display_name":"Computer science","score":0.40615472197532654},{"id":"https://openalex.org/keywords/programming-language","display_name":"Programming language","score":0.06907272338867188}],"concepts":[{"id":"https://openalex.org/C2777027219","wikidata":"https://www.wikidata.org/wiki/Q1284190","display_name":"Constant (computer programming)","level":2,"score":0.7535789012908936},{"id":"https://openalex.org/C14036430","wikidata":"https://www.wikidata.org/wiki/Q3736076","display_name":"Function (biology)","level":2,"score":0.5640468597412109},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.40615472197532654},{"id":"https://openalex.org/C199360897","wikidata":"https://www.wikidata.org/wiki/Q9143","display_name":"Programming language","level":1,"score":0.06907272338867188},{"id":"https://openalex.org/C78458016","wikidata":"https://www.wikidata.org/wiki/Q840400","display_name":"Evolutionary biology","level":1,"score":0.0},{"id":"https://openalex.org/C86803240","wikidata":"https://www.wikidata.org/wiki/Q420","display_name":"Biology","level":0,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1145/3670865.3673569","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3670865.3673569","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3670865.3673569?download=true","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 25th ACM Conference on Economics and Computation","raw_type":"proceedings-article"}],"best_oa_location":{"id":"doi:10.1145/3670865.3673569","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3670865.3673569","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3670865.3673569?download=true","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 25th ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"sustainable_development_goals":[],"awards":[{"id":"https://openalex.org/G3798864471","display_name":null,"funder_award_id":"N000141912268","funder_id":"https://openalex.org/F4320337345","funder_display_name":"Office of Naval Research"}],"funders":[{"id":"https://openalex.org/F4320337345","display_name":"Office of Naval Research","ror":"https://ror.org/00rk2pe57"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4405487358.pdf","grobid_xml":"https://content.openalex.org/works/W4405487358.grobid-xml"},"referenced_works_count":34,"referenced_works":["https://openalex.org/W95608104","https://openalex.org/W269388567","https://openalex.org/W613802377","https://openalex.org/W1518319036","https://openalex.org/W1574375141","https://openalex.org/W1583899442","https://openalex.org/W1599628716","https://openalex.org/W1970021516","https://openalex.org/W1980938853","https://openalex.org/W1985717133","https://openalex.org/W1985808284","https://openalex.org/W1995573091","https://openalex.org/W2006488601","https://openalex.org/W2097048499","https://openalex.org/W2117178771","https://openalex.org/W2168834928","https://openalex.org/W2176870082","https://openalex.org/W2473016180","https://openalex.org/W2953218668","https://openalex.org/W2964275332","https://openalex.org/W3016124762","https://openalex.org/W3123296813","https://openalex.org/W3153698281","https://openalex.org/W3199128408","https://openalex.org/W3204634587","https://openalex.org/W4207003706","https://openalex.org/W4212946524","https://openalex.org/W4229946690","https://openalex.org/W4230085585","https://openalex.org/W4285395830","https://openalex.org/W4288079488","https://openalex.org/W4306962682","https://openalex.org/W4383533593","https://openalex.org/W4385713427"],"related_works":["https://openalex.org/W4391375266","https://openalex.org/W2899084033","https://openalex.org/W2748952813","https://openalex.org/W2390279801","https://openalex.org/W4391913857","https://openalex.org/W2358668433","https://openalex.org/W4396701345","https://openalex.org/W2376932109","https://openalex.org/W2001405890","https://openalex.org/W4396696052"],"abstract_inverted_index":{"Batch":[0],"auctions":[1],"are":[2,29],"a":[3,77],"classical":[4],"market":[5,26,31],"microstructure,":[6],"acclaimed":[7],"for":[8,35],"their":[9,36],"fairness":[10],"properties,":[11],"and":[12,48,74],"have":[13,50,63],"received":[14],"renewed":[15],"interest":[16],"in":[17,41,54,71],"the":[18,83],"context":[19],"of":[20,79,82,85],"blockchain-based":[21],"financial":[22],"systems.":[23],"Constant":[24],"function":[25],"makers":[27],"(CFMMs)":[28],"another":[30],"design":[32,87],"innovation":[33],"praised":[34],"computational":[37],"simplicity.":[38],"Liquidity":[39],"provision":[40],"batch":[42,58,72],"exchanges":[43],"is":[44,76],"an":[45],"important":[46],"problem,":[47],"CFMMs":[49,70],"recently":[51],"shown":[52],"promise":[53],"being":[55],"useful":[56],"within":[57],"exchanges.":[59],"Different":[60],"real-world":[61],"implementations":[62],"used":[64],"fundamentally":[65],"different":[66,86],"approaches":[67],"towards":[68],"integrating":[69],"exchanges,":[73],"there":[75],"lack":[78],"formal":[80],"understanding":[81],"trade-offs":[84],"choices.":[88]},"counts_by_year":[{"year":2025,"cited_by_count":2}],"updated_date":"2026-03-09T07:00:12.390032","created_date":"2025-10-10T00:00:00"}