Approximately optimal auctions for correlated bidders
نویسندگان
چکیده
منابع مشابه
Optimal Auctions for Spiteful Bidders
Designing revenue-optimal auctions for various settings is perhaps the most important, yet sometimes most elusive, problem in mechanism design. Spiteful bidders have been intensely studied recently, especially because spite occurs in many applications in multiagent system and electronic commerce. We derive the optimal auction for such bidders (as well as bidders that are altruistic). It is a ge...
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ABSTRACT We tackle the problem of designing revenue maximizing auctions in the Bayesian framework, when bidders not only have private valuations but also private budgets. We consider the setting of selling divisible goods to multiple agents each with linear utilities, but agents cannot pay beyond their budget. We focus on the case when the auctioneer can check that bidders do not over-report th...
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ژورنال
عنوان ژورنال: Games and Economic Behavior
سال: 2015
ISSN: 0899-8256
DOI: 10.1016/j.geb.2013.03.010