{"id":"https://openalex.org/W4411946057","doi":"https://doi.org/10.1145/3736252.3742583","title":"On the Efficiency of Fair and Truthful Trade Mechanisms","display_name":"On the Efficiency of Fair and Truthful Trade Mechanisms","publication_year":2025,"publication_date":"2025-07-02","ids":{"openalex":"https://openalex.org/W4411946057","doi":"https://doi.org/10.1145/3736252.3742583"},"language":"en","primary_location":{"id":"doi:10.1145/3736252.3742583","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3736252.3742583","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3736252.3742583","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 26th 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/10.1145/3736252.3742583","any_repository_has_fulltext":null},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5090426330","display_name":"Moshe Babaioff","orcid":"https://orcid.org/0000-0002-7066-2005"},"institutions":[{"id":"https://openalex.org/I197251160","display_name":"Hebrew University of Jerusalem","ror":"https://ror.org/03qxff017","country_code":"IL","type":"education","lineage":["https://openalex.org/I197251160"]}],"countries":["IL"],"is_corresponding":true,"raw_author_name":"Moshe Babaioff","raw_affiliation_strings":["School of Computer Science and Engineering, The Hebrew University of Jerusalem, Jerusalem, Israel"],"raw_orcid":"https://orcid.org/0000-0002-7066-2005","affiliations":[{"raw_affiliation_string":"School of Computer Science and Engineering, The Hebrew University of Jerusalem, Jerusalem, Israel","institution_ids":["https://openalex.org/I197251160"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5041757714","display_name":"Yiding Feng","orcid":null},"institutions":[{"id":"https://openalex.org/I200769079","display_name":"Hong Kong University of Science and Technology","ror":"https://ror.org/00q4vv597","country_code":"HK","type":"education","lineage":["https://openalex.org/I200769079"]},{"id":"https://openalex.org/I889458895","display_name":"University of Hong Kong","ror":"https://ror.org/02zhqgq86","country_code":"HK","type":"education","lineage":["https://openalex.org/I889458895"]}],"countries":["HK"],"is_corresponding":false,"raw_author_name":"Yiding Feng","raw_affiliation_strings":["Department of Industrial Engineering &amp; Decision Analytics, Hong Kong University of Science and Technology, Hong Kong, China"],"raw_orcid":"https://orcid.org/0000-0002-8258-6994","affiliations":[{"raw_affiliation_string":"Department of Industrial Engineering &amp; Decision Analytics, Hong Kong University of Science and Technology, Hong Kong, China","institution_ids":["https://openalex.org/I200769079","https://openalex.org/I889458895"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5114730330","display_name":"Noam Manaker Morag","orcid":null},"institutions":[{"id":"https://openalex.org/I197251160","display_name":"Hebrew University of Jerusalem","ror":"https://ror.org/03qxff017","country_code":"IL","type":"education","lineage":["https://openalex.org/I197251160"]}],"countries":["IL"],"is_corresponding":false,"raw_author_name":"Noam Manaker Morag","raw_affiliation_strings":["School of Computer Science and Engineering, The Hebrew University of Jerusalem, Jerusalem, Israel"],"raw_orcid":"https://orcid.org/0009-0006-3467-2659","affiliations":[{"raw_affiliation_string":"School of Computer Science and Engineering, The Hebrew University of Jerusalem, Jerusalem, Israel","institution_ids":["https://openalex.org/I197251160"]}]}],"institutions":[],"countries_distinct_count":2,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5090426330"],"corresponding_institution_ids":["https://openalex.org/I197251160"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.22047891,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":"512","last_page":"512"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11043","display_name":"Merger and Competition Analysis","score":0.96670001745224,"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/T11043","display_name":"Merger and Competition Analysis","score":0.96670001745224,"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/T10128","display_name":"Global trade and economics","score":0.9621000289916992,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and 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/computer-science","display_name":"Computer science","score":0.505669116973877},{"id":"https://openalex.org/keywords/computer-security","display_name":"Computer security","score":0.36838263273239136},{"id":"https://openalex.org/keywords/business","display_name":"Business","score":0.3591375946998596}],"concepts":[{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.505669116973877},{"id":"https://openalex.org/C38652104","wikidata":"https://www.wikidata.org/wiki/Q3510521","display_name":"Computer security","level":1,"score":0.36838263273239136},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3591375946998596}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1145/3736252.3742583","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3736252.3742583","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3736252.3742583","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 26th ACM Conference on Economics and Computation","raw_type":"proceedings-article"},{"id":"pmh:oai:repository.hkust.edu.hk:1783.1-149577","is_oa":false,"landing_page_url":"http://repository.hkust.edu.hk/ir/Record/1783.1-149577","pdf_url":null,"source":{"id":"https://openalex.org/S4306401796","display_name":"Rare & Special e-Zone (The Hong Kong University of Science and Technology)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":"https://openalex.org/I200769079","host_organization_name":"Hong Kong University of Science and Technology","host_organization_lineage":["https://openalex.org/I200769079"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"Conference paper"}],"best_oa_location":{"id":"doi:10.1145/3736252.3742583","is_oa":true,"landing_page_url":"https://doi.org/10.1145/3736252.3742583","pdf_url":"https://dl.acm.org/doi/pdf/10.1145/3736252.3742583","source":null,"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Proceedings of the 26th ACM Conference on Economics and Computation","raw_type":"proceedings-article"},"sustainable_development_goals":[],"awards":[{"id":"https://openalex.org/G7076898342","display_name":null,"funder_award_id":"301/24","funder_id":"https://openalex.org/F4320322252","funder_display_name":"Israel Science Foundation"}],"funders":[{"id":"https://openalex.org/F4320308380","display_name":"Yale University","ror":"https://ror.org/03v76x132"},{"id":"https://openalex.org/F4320322252","display_name":"Israel Science Foundation","ror":"https://ror.org/04sazxf24"}],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4411946057.pdf","grobid_xml":"https://content.openalex.org/works/W4411946057.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"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":{"We":[0,57,87,121],"consider":[1],"the":[2,8,22,37,41,68,77,80,84,104,116],"impact":[3],"of":[4,11,79,83],"fairness":[5,63],"requirements":[6],"on":[7,17],"social":[9],"efficiency":[10],"truthful":[12,96],"mechanisms":[13],"for":[14,60],"trade,":[15],"focusing":[16],"Bayesian":[18],"bilateral-trade":[19],"settings.":[20],"Unlike":[21],"full":[23],"information":[24,43],"case":[25],"in":[26,40],"which":[27],"all":[28],"gains-from-trade":[29,100],"can":[30,149],"be":[31,71,150],"realized":[32],"and":[33,65,133],"equally":[34],"split":[35],"between":[36],"two":[38,85],"parties,":[39],"private":[42],"setting,":[44],"equitability":[45],"has":[46],"devastating":[47],"welfare":[48],"implications":[49],"(even":[50,114],"if":[51],"only":[52],"required":[53],"to":[54,70,126],"hold":[55],"ex-ante).":[56],"thus":[58],"search":[59],"an":[61],"alternative":[62],"notion":[64],"suggest":[66],"requiring":[67],"mechanism":[69,97],"KS-fair:":[72],"it":[73],"must":[74],"ex-ante":[75],"equalize":[76],"fraction":[78,111],"ideal":[81],"utilities":[82],"traders.":[86],"show":[88],"that":[89,101,139,145],"there":[90],"is":[91,112,119,140],"always":[92,107],"a":[93,130,134],"KS-fair":[94],"(simple)":[95],"with":[98,129,136,155],"expected":[99],"are":[102],"half":[103],"optimum,":[105],"but":[106],"ensuring":[108],"any":[109],"better":[110,147],"impossible":[113],"when":[115],"seller":[117,132],"value":[118],"zero).":[120],"then":[122],"restrict":[123],"our":[124],"attention":[125],"trade":[127],"settings":[128],"zero-value":[131],"buyer":[135],"valuation":[137],"distribution":[138],"Regular":[141],"or":[142],"MHR,":[143],"proving":[144],"much":[146],"fractions":[148],"obtained":[151],"under":[152],"these":[153],"conditions,":[154],"simple":[156],"posted-price":[157],"mechanisms.":[158]},"counts_by_year":[],"updated_date":"2025-11-06T03:46:38.306776","created_date":"2025-10-10T00:00:00"}
