A simple and approximately optimal mechanism for an additive buyer
We consider a monopolist seller with n heterogeneous items, facing a single buyer. The
buyer has a value for each item drawn independently according to (non-identical) …
buyer has a value for each item drawn independently according to (non-identical) …
Approximate revenue maximization with multiple items
Maximizing the revenue from selling more than one good (or item) to a single buyer is a
notoriously difficult problem, in stark contrast to the one-good case. For two goods, we show …
notoriously difficult problem, in stark contrast to the one-good case. For two goods, we show …
The complexity of contracts
We initiate the study of computing (near-) optimal contracts in succinctly representable
principal-agent settings. Here optimality means maximizing the principal's expected payoff …
principal-agent settings. Here optimality means maximizing the principal's expected payoff …
Bayesian analysis of linear contracts
We provide a justification for the prevalence of linear (commission-based) contracts in
practice under the Bayesian framework. We consider a hidden-action principal-agent model …
practice under the Bayesian framework. We consider a hidden-action principal-agent model …
The sample complexity of up-to-ε multi-dimensional revenue maximization
YA Gonczarowski, SM Weinberg - Journal of the ACM (JACM), 2021 - dl.acm.org
We consider the sample complexity of revenue maximization for multiple bidders in
unrestricted multi-dimensional settings. Specifically, we study the standard model of additive …
unrestricted multi-dimensional settings. Specifically, we study the standard model of additive …
Multi-item mechanisms without item-independence: Learnability via robustness
We study the sample complexity of learning revenue-optimal multi-item auctions. We obtain
the first set of positive results that go beyond the standard but unrealistic setting of item …
the first set of positive results that go beyond the standard but unrealistic setting of item …
Strategyproofness-exposing mechanism descriptions
ABSTRACT A menu description presents a mechanism to player i in two steps. Step (1) uses
the reports of other players to describe i's menu: the set of i's potential outcomes. Step (2) …
the reports of other players to describe i's menu: the set of i's potential outcomes. Step (2) …
Targeting and signaling in ad auctions
Modern ad auctions allow advertisers to target more specific segments of the user
population. Unfortunately, this is not always in the best interest of the ad platform–partially …
population. Unfortunately, this is not always in the best interest of the ad platform–partially …
The power of simple menus in robust selling mechanisms
S Wang - Management Science, 2024 - pubsonline.informs.org
We study a robust selling problem where a seller attempts to sell one item to a buyer but is
uncertain about the buyer's valuation distribution. The existing literature shows that robust …
uncertain about the buyer's valuation distribution. The existing literature shows that robust …