Sponsored Search Auctions with Rich Ads
Sponsored Search Auctions with Rich Ads
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DOI:
10.1145/3038912.3052703
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发表时间:
2017-01
期刊:
影响因子:
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通讯作者:
R. Cavallo;Prabhakar Krishnamurthy;M. Sviridenko;Christopher A. Wilkens
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文献类型:
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作者:
R. Cavallo;Prabhakar Krishnamurthy;M. Sviridenko;Christopher A. Wilkens
The generalized second price (GSP) auction has served as the core selling mechanism for sponsored search ads for over a decade. However, recent trends expanding the set of allowed ad formats---to include a variety of sizes, decorations, and other distinguishing features---have raised critical problems for GSP-based platforms. Alternatives such as the Vickrey-Clarke-Groves (VCG) auction raise different complications because they fundamentally change the way prices are computed. In this paper we report on our efforts to redesign a search ad selling system from the ground up in this new context, proposing a mechanism that optimizes an entire slate of ads globally and computes prices that achieve properties analogous to those held by GSP in the original, simpler setting of uniform ads. A careful algorithmic coupling of allocation-optimization and pricing-computation allows our auction to operate within the strict timing constraints inherent in real-time ad auctions. We report performance results of the auction in Yahoo's Gemini Search platform.