Frugality in Path Au tions
نویسندگان
چکیده
منابع مشابه
On the Price of Truthfulness in Path Auctions
We study the frugality ratio of truthful mechanisms in path auctions, which measures the extent to which truthful mechanisms “overpay” compared to non-truthful mechanisms. In particular we consider the fundamental case that the graph is composed of two node-disjoint s-t-paths of length s1 and s2 respectively, and prove an optimal √ s1s2 lower bound (an improvement over √ s1s2/2). This implies t...
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We study set-system auctions whereby a single buyer wants to purchase Q items of some commodity. There are multiple sellers, each of whom has some known number of items, and a private cost for supplying those items. Thus a “feasible set” of sellers (a set that is able to comprise the winning bidders) is any set of sellers whose total quantity sums to at least Q. We show that, even in a limited ...
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