The content delves into the competition complexity of auction settings for additive buyers over independent items. It presents a main result that establishes the competition complexity of n bidders with additive values over m independent items at Θ(√nm). The article discusses the mathematical question of how many additional bidders are necessary for a simple auction to outperform the optimal mechanism. It introduces various auction mechanisms and highlights technical aspects of the auction design process. The study provides insights into the intricacies of designing Bayesian IC auctions and the trade-offs involved in achieving revenue optimization.
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by Mahsa Derakh... kl. arxiv.org 03-07-2024
https://arxiv.org/pdf/2403.03937.pdfDybere Forespørgsler