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  • About
  • The Global ETD Search service is a free service for researchers to find electronic theses and dissertations. This service is provided by the Networked Digital Library of Theses and Dissertations.
    Our metadata is collected from universities around the world. If you manage a university/consortium/country archive and want to be added, details can be found on the NDLTD website.
1

Bayesian Auction Design and Approximation

Jin, Yaonan January 2023 (has links)
We study two classes of problems within Algorithmic Economics: revenue guarantees of simple mechanisms, and social welfare guarantees of auctions. We develop new structural and algorithmic tools for addressing these problems, and obtain the following results: In the 𝑘-unit model, four canonical mechanisms can be classified as: (i) the discriminating group, including Myerson Auction and Sequential Posted-Pricing, and (ii) the anonymous group, including Anonymous Reserve and Anonymous Pricing. We prove that any two mechanisms from the same group have an asymptotically tight revenue gap of 1 + θ(1 /√𝑘), while any two mechanisms from the different groups have an asymptotically tight revenue gap of θ(log 𝑘). In the single-item model, we prove a nearly-tight sample complexity of Anonymous Reserve for every value distribution family investigated in the literature: [0, 1]-bounded, [1, 𝐻]-bounded, regular, and monotone hazard rate (MHR). Remarkably, the setting-specific sample complexity poly(𝜖⁻¹) depends on the precision 𝜖 ∈ (0, 1), but not on the number of bidders 𝑛 ≥ 1. Further, in the two bounded-support settings, our algorithm allows correlated value distributions. These are in sharp contrast to the previous (nearly-tight) sample complexity results on Myerson Auction. In the single-item model, we prove that the tight Price of Anarchy/Stability for First Price Auctions are both PoA = PoS = 1 - 1/𝜖² ≈ 0.8647.

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