On Revenue Optimal Combinatorial Auctions - IFP Group at the ...

More documents

Recommendations

Info

Reserve Prices No buyer n with w n (v n ) < 0 is a winner under MWA. Follows since A is downward-closed and ∅ ∈ A. Equivalently, the seller sets a reserve price for each buyer n. Follows since MVVs are nondecresing functions. The reserve price for buyer n = minimum v n such that w n (v n ) > 0.
Outline 1 Review of revenue optimal auctions 2 Efficiency loss in a revenue optimal auctions 3 Revenue maximization for a special class of CAs
Page 1 and 2: On Revenue Optimal Combinatorial Au
Page 3 and 4: What Makes It Hard? Private values:
Page 5 and 6: Our Contributions Most of the liter
Page 7 and 8: Outline 1 Review of revenue optimal
Page 9 and 10: Model A Bayesian framework The valu
Page 11 and 12: The Components of an Auction .Bid v
Page 13 and 14: The Constraints First, focus on one
Page 15 and 16: Geometric Interpretation Let A 0 (
Page 17 and 18: Simplifying the Constraints A payme
Page 19 and 20: Graphical Construction of Virtual V
Page 27 and 28: The Optimal Auction Problem Extendi
Page 29 and 30: Simplifying OAP Revenue(π) maximu
Page 31: The Maximum Weight Algorithm (MWA)
Page 35 and 36: Some Questions How different is a r
Page 37 and 38: Revenue vs Efficiency - Example 1 T
Page 43 and 44: Revenue vs Efficiency - Example 3 E
Page 45 and 46: Quantifying Efficiency Loss For an
Page 47 and 48: Worst Case ELR Computation - Exampl
Page 49 and 50: Worst Case ELR Computation - Exampl
Page 51 and 52: ELR Bound - Single Item Auctions wi
Page 53 and 54: Limitations of General CAs Implemen
Page 55 and 56: Why Study Single-Minded Buyers Mode
Page 57 and 58: Extending the Model to Single-Minde
Page 59 and 60: Does It Work? Buyer 1 Buyer 2 1 1/2
Page 61 and 62: Does It Work? Buyer 1 Buyer 2 1 1/2
Page 63 and 64: The Sufficient Condition Hazard rat
Page 65: Concluding Remarks A revenue optima

On Revenue Optimal Combinatorial Auctions - IFP Group at the ...

Create successful ePaper yourself

Delete template?

Save as template?