STAMP: A Strategy-Proof Approximation Auction Mechanism for Spatially Reusable Items in Wireless Networks

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Executive Summary

The advent of participatory sensing markets and spectrum markets based on the wireless networks have led to a new kind of auction dealing with spatially reusable items, which can be shared by multiple parties that are geographically far apart enough from each other. Simply applying traditional auctions to spatially reusable items is vulnerable to bid manipulation, and may lead to low allocation efficiency. In this paper, the authors study the problem of auctioning spatially reusable items. They first propose STAMP, which is a STrategy-proof Approximation auction Mechanism for sPatially reusable items in wireless networks. STAMP can be implemented with any existing maximum independent set algorithm, and can guarantee the allocation efficiency as high as the algorithm based on.

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