TY - GEN
T1 - Efficient empirical revenue maximization in single-parameter auction environments?
AU - Gonczarowski, Yannai A.
AU - Nisan, Noam
N1 - Publisher Copyright: © 2017 Copyright held by the owner/author(s).
PY - 2017/6/19
Y1 - 2017/6/19
N2 - We present a polynomial-time algorithm that, given samples from the unknown valuation distribution of each bidder, learns an auction that approximately maximizes the auctioneer's revenue in a variety of single-parameter auction environments including matroid environments, position environments, and the public project environment. The valuation distributions may be arbitrary bounded distributions (in particular, they may be irregular, and may differ for the various bidders), thus resolving a problem left open by previous papers. The analysis uses basic tools, is performed in its entirety in value-space, and simplifies the analysis of previously known results for special cases. Furthermore, the analysis extends to certain single-parameter auction environments where precise revenue maximization is known to be intractable, such as knapsack environments.
AB - We present a polynomial-time algorithm that, given samples from the unknown valuation distribution of each bidder, learns an auction that approximately maximizes the auctioneer's revenue in a variety of single-parameter auction environments including matroid environments, position environments, and the public project environment. The valuation distributions may be arbitrary bounded distributions (in particular, they may be irregular, and may differ for the various bidders), thus resolving a problem left open by previous papers. The analysis uses basic tools, is performed in its entirety in value-space, and simplifies the analysis of previously known results for special cases. Furthermore, the analysis extends to certain single-parameter auction environments where precise revenue maximization is known to be intractable, such as knapsack environments.
KW - Approximate revenue maximization
KW - PAC learning
UR - http://www.scopus.com/inward/record.url?scp=85024376999&partnerID=8YFLogxK
U2 - https://doi.org/10.1145/3055399.3055427
DO - https://doi.org/10.1145/3055399.3055427
M3 - منشور من مؤتمر
T3 - Proceedings of the Annual ACM Symposium on Theory of Computing
SP - 856
EP - 868
BT - STOC 2017 - Proceedings of the 49th Annual ACM SIGACT Symposium on Theory of Computing
A2 - McKenzie, Pierre
A2 - King, Valerie
A2 - Hatami, Hamed
T2 - 49th Annual ACM SIGACT Symposium on Theory of Computing, STOC 2017
Y2 - 19 June 2017 through 23 June 2017
ER -