Polyhedral Clinching Auctions for Indivisible Goods

被引:0
|
作者
Hirai, Hiroshi [1 ]
Sato, Ryosuke [2 ]
机构
[1] Nagoya Univ, Grad Sch Math, Nagoya, Aichi, Japan
[2] Keio Univ, Fac Sci & Technol, Yokohama, Kanagawa, Japan
关键词
Auctions; budget constraints; polymatroids; liquid welfare;
D O I
10.1145/3708506
中图分类号
TP39 [计算机的应用];
学科分类号
081203 ; 0835 ;
摘要
In this study, we propose a polyhedral clinching auction for indivisible goods, which has so far been studied for divisible goods. As in the divisible setting by Goel et al. (2015), our mechanism enjoys incentive compatibility, individual rationality, and Pareto optimality, and works with polymatroidal environments. A notable feature of this mechanism for the indivisible setting is that the entire procedure can be conducted in time polynomial of the number of buyers and goods. Moreover, we show additional efficiency guarantees, recently established by Sato for the divisible setting: the liquid welfare (LW) of our mechanism achieves more than half of the optimal LW, and the social welfare is more than the optimal LW.
引用
收藏
页数:30
相关论文
共 50 条
  • [1] Polyhedral Clinching Auctions and the Adwords Polytope
    Goel, Gagan
    Mirrokni, Vahab
    Leme, Renato Paes
    STOC'12: PROCEEDINGS OF THE 2012 ACM SYMPOSIUM ON THEORY OF COMPUTING, 2012, : 107 - 121
  • [2] Polyhedral Clinching Auctions and the AdWords Polytope
    Goel, Gagan
    Mirrokni, Vahab
    Leme, Renato Paes
    JOURNAL OF THE ACM, 2015, 62 (03)
  • [3] Polyhedral Clinching Auctions for Two-Sided Markets
    Hirai, Hiroshi
    Sato, Ryosuke
    MATHEMATICS OF OPERATIONS RESEARCH, 2022, 47 (01) : 259 - 285
  • [4] Clinching auctions with online supply
    Goel, Gagan
    Mirrokni, Vahab
    Leme, Renato Paes
    GAMES AND ECONOMIC BEHAVIOR, 2020, 123 : 342 - 358
  • [5] Clinching Auctions with Online Supply
    Goel, Gagan
    Mirrokni, Vahab
    Leme, Renato Paes
    PROCEEDINGS OF THE TWENTY-FOURTH ANNUAL ACM-SIAM SYMPOSIUM ON DISCRETE ALGORITHMS (SODA 2013), 2013, : 605 - 619
  • [6] Allocating Indivisible Goods
    Bezakova, Ivona
    Dani, Varsha
    ACM SIGECOM EXCHANGES, 2005, 5 (03) : 11 - 18
  • [7] Equilibria in Markets with Indivisible Goods
    Danilov, V. I.
    Koshevoy, G. A.
    Lang, C.
    ZHURNAL NOVAYA EKONOMICHESKAYA ASSOTSIATSIYA-JOURNAL OF THE NEW ECONOMIC ASSOCIATION, 2013, (02): : 10 - 34
  • [8] COMPETITIVE EQUILIBRIA WITH INDIVISIBLE GOODS
    SVENSSON, LG
    ZEITSCHRIFT FUR NATIONALOKONOMIE-JOURNAL OF ECONOMICS, 1984, 44 (04): : 373 - 386
  • [9] The Price of Fairness for Indivisible Goods
    Bei, Xiaohui
    Lu, Xinhang
    Manurangsi, Pasin
    Suksompong, Warut
    PROCEEDINGS OF THE TWENTY-EIGHTH INTERNATIONAL JOINT CONFERENCE ON ARTIFICIAL INTELLIGENCE, 2019, : 81 - 87
  • [10] Market allocation of indivisible goods
    Ichiishi, T
    Idzik, A
    JOURNAL OF MATHEMATICAL ECONOMICS, 1999, 32 (04) : 457 - 466