This survey outlines a general and modular theory for proving approximation guarantees for equilibria of auctions in complex settings. This theory complements traditional economic …
JD Hartline - Book draft. October, 2013 - jasonhartline.com
This text provides a look at select topics in economic mechanism design through the lens of approximation. It reviews the classical economic theory of mechanism design wherein a …
X Chen, B Peng - Proceedings of the 55th Annual ACM Symposium on …, 2023 - dl.acm.org
We study the complexity of finding an approximate (pure) Bayesian Nash equilibrium in a first-price auction with common priors when the tie-breaking rule is part of the input. We …
Recent price-of-anarchy analyses of games of complete information suggest that coarse correlated equilibria, which characterize outcomes resulting from no-regret learning …
E Haruvy, E Katok - Production and Operations …, 2013 - journals.sagepub.com
We report on results of several laboratory experiments that investigate on‐line procurement auctions in which suppliers bid on price, but exogenous bidder quality affects winner …
R Kirkegaard - Econometrica, 2012 - Wiley Online Library
I propose a new mechanism design approach to the problem of ranking standard auctions with two heterogeneous bidders. A key feature of the approach is that it may be possible to …
This paper develops tools for welfare and revenue analyses of Bayes-Nash equilibria in asymmetric auctions with single-dimensional agents. We employ these tools to derive price …
This dissertation develops a method to detect collusion and estimate its effect on the seller's revenue in first-price auctions with independent, private valuations. The challenge is that …
PL Lorentziadis - European Journal of Operational Research, 2020 - Elsevier
In a multidimensional procurement auction, such as a most economically advantageous tender, asymmetric opponents, with different cost structure and predetermined quality …