The deficit on each trade in a Vickrey double auction is at least as large as the Walrasian price gap
Simon Loertscher, Claudio Mezzetti
Journal of Mathematical Economics | ELSEVIER SCIENCE SA | Published : 2019
Awarded by Australian Research Council
Mezzetti's work was funded in part by Australian Research Council grant DP120102697. Bing Liu provided outstanding research assistance. Financial support by the Samuel and June Hordern Endowment is also gratefully acknowledged.