Key Takeaways
This paper studies auction design in a setting where agents can communicate over a censorship-resistant broadcast channel like the ones we can implement over a public blockchain.
It seeks to design credible, strategy proof auctions in a model that differs from the traditional mechanism design framework whereby communication is not centralized via the auctioneer.
The analysis proves that decentralization enables the design of a larger class of credible auctions where the auctioneer has no incentive to be strategic.
.png)
