On the Complexity of Optimal Lottery Pricing and Randomized Mechanisms for a Unit-Demand Buyer
On the Complexity of Optimal Lottery Pricing and Randomized Mechanisms for a Unit-Demand Buyer
复制标题
关于单位需求购买者的最优彩票定价和随机机制的复杂性
DOI:
10.1137/17m1136481
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发表时间:
2022
影响因子:
1.6
通讯作者:
Yannakakis, Mihalis
中科院分区:
文献类型:
--
作者:
Chen, Xi;Diakonikolas, Ilias;Orfanou, Anthi;Paparas, Dimitris;Sun, Xiaorui;Yannakakis, Mihalis
We study the optimal lottery problem and the optimal mechanism design problem in the setting of a single unit-demand buyer with item values drawn from independent distributions. Optimal solutions to both problems are characterized by a linear program with exponentially many variables. For the menu size complexity of the optimal lottery problem, we present an explicit, simple instance with distributions of support size 2, and show that exponentially many lotteries are required to achieve the optimal revenue. We also show that, when distributions have support size 2 and share the same high value, the simpler scheme of item pricing can achieve the same revenue as the optimal menu of lotteries. The same holds for the case of two items with support size 2 (but not necessarily the same high value). For the computational complexity of the optimal mechanism design problem, we show that unless the polynomial-time hierarchy collapses (more exactly,), there is no efficient randomized algorithm to implement an optimal mechanism even when distributions have support size 3.