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Prior-free multi-unit auctions with ordered bidders

Abstract:

Prior-free auctions are robust auctions that assume no distribution over bidders’ valuations and provide worst-case (input-by-input) approximation guarantees. In contrast to previous work on this topic, we pursue good prior-free auctions with non-identical bidders.

Prior-free auctions can approximate meaningful benchmarks for non-identical bidders only when sufficient qualitative information about the bidder asymmetry is publicly known. We consider digital goods auctions where ther...

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Publication status:
Published
Peer review status:
Peer reviewed

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Publisher copy:
10.1016/j.tcs.2020.09.030

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Institution:
University of Oxford
Division:
MPLS
Department:
Computer Science
Role:
Author
Publisher:
Elsevier Publisher's website
Journal:
Theoretical Computer Science Journal website
Volume:
846
Pages:
160-171
Publication date:
2020-09-24
Acceptance date:
2020-09-13
DOI:
EISSN:
1879-2294
ISSN:
0304-3975
Language:
English
Keywords:
Pubs id:
1137837
Local pid:
pubs:1137837
Deposit date:
2021-04-19

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