7 research outputs found
Chore division on a graph
The paper considers fair allocation of indivisible nondisposable items that
generate disutility (chores). We assume that these items are placed in the
vertices of a graph and each agent's share has to form a connected subgraph of
this graph. Although a similar model has been investigated before for goods, we
show that the goods and chores settings are inherently different. In
particular, it is impossible to derive the solution of the chores instance from
the solution of its naturally associated fair division instance. We consider
three common fair division solution concepts, namely proportionality,
envy-freeness and equitability, and two individual disutility aggregation
functions: additive and maximum based. We show that deciding the existence of a
fair allocation is hard even if the underlying graph is a path or a star. We
also present some efficiently solvable special cases for these graph
topologies
The Value of Knowing Your Enemy
Many auction settings implicitly or explicitly require that bidders are
treated equally ex-ante. This may be because discrimination is philosophically
or legally impermissible, or because it is practically difficult to implement
or impossible to enforce. We study so-called {\em anonymous} auctions to
understand the revenue tradeoffs and to develop simple anonymous auctions that
are approximately optimal.
We consider digital goods settings and show that the optimal anonymous,
dominant strategy incentive compatible auction has an intuitive structure ---
imagine that bidders are randomly permuted before the auction, then infer a
posterior belief about bidder i's valuation from the values of other bidders
and set a posted price that maximizes revenue given this posterior.
We prove that no anonymous mechanism can guarantee an approximation better
than O(n) to the optimal revenue in the worst case (or O(log n) for regular
distributions) and that even posted price mechanisms match those guarantees.
Understanding that the real power of anonymous mechanisms comes when the
auctioneer can infer the bidder identities accurately, we show a tight O(k)
approximation guarantee when each bidder can be confused with at most k "higher
types". Moreover, we introduce a simple mechanism based on n target prices that
is asymptotically optimal and build on this mechanism to extend our results to
m-unit auctions and sponsored search
Chore division on a graph
Le PDF est une version non publiée datant de 2018.International audienceThe paper considers fair allocation of indivisible nondisposable items that generate disutility (chores). We assume that these items are placed in the vertices of a graph and each agent’s share has to form a connected subgraph of this graph. Although a similar model has been investigated before for goods, we show that the goods and chores settings are inherently different. In particular, it is impossible to derive the solution of the chores instance from the solution of its naturally associated fair division instance. We consider three common fair division solution concepts, namely proportionality, envy-freeness and equitability, and two individual disutility aggregation functions: additive and maximum based. We show that deciding the existence of a fair allocation is hard even if the underlying graph is a path or a star. We also present some efficiently solvable special cases for these graph topologies
Learning Reserve Prices in Second-Price Auctions
This paper proves the tight sample complexity of Second-Price Auction with
Anonymous Reserve, up to a logarithmic factor, for all value distribution
families that have been considered in the literature. Compared to Myerson
Auction, whose sample complexity was settled very recently in (Guo, Huang and
Zhang, STOC 2019), Anonymous Reserve requires much fewer samples for learning.
We follow a similar framework as the Guo-Huang-Zhang work, but replace their
information theoretical argument with a direct proof
Learning Multi-item Auctions with (or without) Samples
We provide algorithms that learn simple auctions whose revenue is
approximately optimal in multi-item multi-bidder settings, for a wide range of
valuations including unit-demand, additive, constrained additive, XOS, and
subadditive. We obtain our learning results in two settings. The first is the
commonly studied setting where sample access to the bidders' distributions over
valuations is given, for both regular distributions and arbitrary distributions
with bounded support. Our algorithms require polynomially many samples in the
number of items and bidders. The second is a more general max-min learning
setting that we introduce, where we are given "approximate distributions," and
we seek to compute an auction whose revenue is approximately optimal
simultaneously for all "true distributions" that are close to the given ones.
These results are more general in that they imply the sample-based results, and
are also applicable in settings where we have no sample access to the
underlying distributions but have estimated them indirectly via market research
or by observation of previously run, potentially non-truthful auctions.
Our results hold for valuation distributions satisfying the standard (and
necessary) independence-across-items property. They also generalize and improve
upon recent works, which have provided algorithms that learn approximately
optimal auctions in more restricted settings with additive, subadditive and
unit-demand valuations using sample access to distributions. We generalize
these results to the complete unit-demand, additive, and XOS setting, to i.i.d.
subadditive bidders, and to the max-min setting.
Our results are enabled by new uniform convergence bounds for hypotheses
classes under product measures. Our bounds result in exponential savings in
sample complexity compared to bounds derived by bounding the VC dimension, and
are of independent interest.Comment: Appears in FOCS 201