Unverified50% confidenceFactExact time

For the general first-price auction, the upper bound of the price of anarchy (PoA) is about 1 - 1/e ≈ 0.63, meaning up to 37% of potential welfare may be lost.

1

Sources

50%

Confidence

Long-term

Relevance

10/15/2026

First Seen

Sources

AI Agent Auction Routing: How First-Price Auctions Balance Inference Cost and Revenue

Related Entities

无政府状态代价（PoA）concept First-Price Auctionconcept

Related Claims

UnverifiedThe monthly cost formula for paid hosting is P = I + (p_paid * E_paid * C) / W.61% similar UnverifiedCalculated at the paired public unit prices ($0.28 per million input, $1.10 per million output), the 400-case single hosted run costs $1.1061, and τ=0.4 costs $0.0747.59% similar

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