The Vickrey Auction with a Single Duplicate Bidder Approximates the Optimal Revenue.
Hu FuChristopher LiawSikander RandhawaPublished in: EC (2019)
Keyphrases
- auction mechanisms
- combinatorial auctions
- winner determination
- mechanism design
- budget constraints
- single item
- bidding strategies
- multi attribute
- sealed bid auctions
- incentive compatibility
- online auctions
- multi unit
- resource allocation
- game theory
- social welfare
- dynamic programming
- approximation algorithms
- quasi linear
- optimal design
- vickrey clarke groves
- sponsored search advertising
- closed form
- auction protocol
- data sets
- electronic commerce
- worst case
- cooperative
- optimal solution
- network revenue management