@inproceedings{155aa33fcac048258ea680f8b4b0d7e0,
title = "Removal and threshold pricing: Truthful two-sided markets with multi-dimensional participants",
abstract = "We consider mechanisms for markets that are two-sided and have agents with multi-dimensional strategic spaces on at least one side. The agents of the market are strategic and act to optimize their own utilities, while the mechanism designer aims to optimize a social goal, i.e., the gain from trade. We focus on one example of this setting motivated by a foreseeable privacy-aware future form of online advertising. Recently, it has been suggested that markets of user information built around information brokers could be introduced to the online advertising ecosystem to overcome online privacy concerns. Such markets give users control over which data gets shared in online advertising exchanges. We describe a model for the above form of online advertising and design two mechanisms for this model. The first is a deterministic mechanism which is related to the vast literature on mechanism design through trade reduction and allows agents with a multi-dimensional strategic space. The second is a randomized mechanism that can handle a more general version of the model. We provide theoretical analyses of our mechanisms and study their performance using simulations based on real-world data.",
keywords = "Double-sided market, Mechanism design, Multi-dimensional players, Online advertising market",
author = "Moran Feldman and Rica Gonen",
note = "Publisher Copyright: {\textcopyright} 2018, Springer Nature Switzerland AG.; 11th International Symposium on Algorithmic Game Theory, SAGT 2018 ; Conference date: 11-09-2018 Through 13-09-2018",
year = "2018",
doi = "10.1007/978-3-319-99660-8_15",
language = "American English",
isbn = "9783319996592",
series = "Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)",
publisher = "Springer Verlag",
pages = "163--175",
editor = "Xiaotie Deng",
booktitle = "Algorithmic Game Theory - 11th International Symposium, SAGT 2018, Proceedings",
address = "Germany",
}