99% Revenue via Enhanced Competition
99% Revenue via Enhanced Competition
复制标题
99%%20收入%20通过%20增强%20竞争
DOI:
10.1145/3219166.3219202
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发表时间:
2018
期刊:
影响因子:
--
通讯作者:
A. Rubinstein
中科院分区:
文献类型:
--
作者:
M. Feldman;Ophir Friedler;A. Rubinstein
A sequence of recent studies show that even in the simple setting of a single seller and a single buyer with additive, independent valuations over m items, the revenue-maximizing mechanism is prohibitively complex. This problem has been addressed using two main approaches: Approximation: the best of two simple mechanisms (sell each item separately, or sell all the items as one bundle) gives 1/6 of the optimal revenue [1]. Enhanced competition: running the simple VCG mechanism with additional m buyers extracts at least the optimal revenue in the original market [17]. Both approaches, however, suffer from severe drawbacks: On the one hand, losing 83% of the revenue is hardly acceptable in any application. On the other hand, attracting a linear number of new buyers may be prohibitive. We show that by combining the two approaches one can achieve the best of both worlds. Specifically, for any constant ε one can obtain a (1-ε) fraction of the optimal revenue by running simple mechanisms --- either selling each item separately or selling all items as a single bundle --- with substantially fewer additional buyers: logarithmic, constant, or even none in some cases.
影响因子:
2.7
作者:
Roughgarden, Tim;Talgam-Cohen, Inbal;Yan, Qiqi
通讯作者:
Yan, Qiqi
DOI:
10.1145/2764468.2764539
发表时间:
2014-09
期刊:
Proceedings of the Sixteenth ACM Conference on Economics and Computation
影响因子:
--
作者:
C. Daskalakis;Alan Deckelbaum;Christos Tzamos
通讯作者:
C. Daskalakis;Alan Deckelbaum;Christos Tzamos