no code implementations • 15 May 2023 • Jerry Anunrojwong, Santiago R. Balseiro, Omar Besbes
With "high" support information, SPAs are strictly suboptimal, and an optimal mechanism belongs to a class of mechanisms we introduce, which we call pooling auctions (POOL); whenever the highest value is above a threshold, the mechanism still allocates to the highest bidder, but otherwise the mechanism allocates to a uniformly random buyer, i. e., pools low types.
no code implementations • 22 Apr 2022 • Jerry Anunrojwong, Santiago R. Balseiro, Omar Besbes
We study the design of prior-independent mechanisms that relax this assumption: the seller is selling an indivisible item to $n$ buyers such that the buyers' valuations are drawn from a joint distribution that is unknown to both the buyers and the seller; buyers do not need to form beliefs about competitors, and the seller assumes the distribution is adversarially chosen from a specified class.
no code implementations • 12 Feb 2022 • Santiago R. Balseiro, Haihao Lu, Vahab Mirrokni, Balasubramanian Sivan
As a byproduct of our proofs, we provide the first regret bound for CMD for non-smooth convex optimization, which might be of independent interest.