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How should a buyer design procurement mechanisms when suppliers' costs are unknown, and the buyer does not have a prior belief? We demonstrate that simple mechanisms - that share a constant fraction of the buyer utility with the seller -…

理论经济学 · 经济学 2025-12-11 Dirk Bergemann , Tibor Heumann , Stephen Morris

In economics, there are many ways to describe the interaction between a "seller" and a "buyer". The most common one, with which we interact almost every day, is selling for a fixed price. This option is perfect for selling a mass product,…

综合金融 · 定量金融 2024-07-10 O. A. Malafeyev , I. E. Khomenko

We study the problem of selling a good to a group of bidders with interdependent values in a prior-free setting. Each bidder has a signal that can take one of $k$ different values, and her value for the good is a weakly increasing function…

计算机科学与博弈论 · 计算机科学 2021-07-21 Vasilis Gkatzelis , Rishi Patel , Emmanouil Pountourakis , Daniel Schoepflin

We study the power of price discrimination via an intermediary in bilateral trade, when there is a revenue-maximizing seller selling an item to a buyer with a private value drawn from a prior. Between the seller and the buyer, there is an…

计算机科学与博弈论 · 计算机科学 2023-04-28 Shao-Heng Ko , Kamesh Munagala

In various markets where sellers compete in price, price oscillations are observed rather than convergence to equilibrium. Such fluctuations have been empirically observed in the retail market for gasoline, in airline pricing and in the…

计算机科学与博弈论 · 计算机科学 2015-04-28 Moshe Babaioff , Renato Paes Leme , Balasubramanian Sivan

We study a classical Bayesian mechanism design problem where a seller is selling multiple items to multiple buyers. We consider the case where the seller has costs to produce the items, and these costs are private information to the seller.…

计算机科学与博弈论 · 计算机科学 2020-04-20 Yang Cai , Mingfei Zhao

We study approximation algorithms for revenue maximization based on static item pricing, where a seller chooses prices for various goods in the market, and then the buyers purchase utility-maximizing bundles at these given prices. We…

计算机科学与博弈论 · 计算机科学 2017-05-03 Elliot Anshelevich , Shreyas Sekar

In a single-parameter mechanism design problem, a provider is looking to sell a service to a group of potential buyers. Each buyer $i$ has a private value $v_i$ for receiving the service and a feasibility constraint restricts which sets of…

计算机科学与博弈论 · 计算机科学 2022-02-21 Michal Feldman , Vasilis Gkatzelis , Nick Gravin , Daniel Schoepflin

The growth of the sharing economy is driven by the emergence of sharing platforms, e.g., Uber and Lyft, that match owners looking to share their resources with customers looking to rent them. The design of such platforms is a complex…

计算机科学与博弈论 · 计算机科学 2016-11-01 Zhixuan Fang , Longbo Huang , Adam Wierman

Online markets are a part of everyday life, and their rules are governed by algorithms. Assuming participants are inherently self-interested, well designed rules can help to increase social welfare. Many algorithms for online markets are…

计算机科学与博弈论 · 计算机科学 2022-02-01 Kanstantsin Pashkovich , Xinyue Xie

We study a simple problem of allocating common-value goods. The designer seeks to allocate the goods to as many unit-demand agents as possible without monetary transfers, while agents, who possess partial private information about the…

理论经济学 · 经济学 2026-04-22 Hiroto Sato , Ryo Shirakawa

We study the problem of designing a two-sided market (double auction) to maximize the gains from trade (social welfare) under the constraints of (dominant-strategy) incentive compatibility and budget-balance. Our goal is to do so for an…

计算机科学与博弈论 · 计算机科学 2024-06-21 Moshe Babaioff , Amitai Frey , Noam Nisan

Consider a trade market with one seller and multiple buyers. The seller aims to sell an indivisible item and maximize their revenue. This paper focuses on a simple and popular mechanism--the fixed-price mechanism. Unlike the standard…

计算机科学与博弈论 · 计算机科学 2024-11-19 Zhikang Fan , Weiran Shen

In this paper, we investigate the discount allocation problem in social networks. It has been reported that 40\% of consumers will share an email offer with their friend and 28\% of consumers will share deals via social media platforms.…

社会与信息网络 · 计算机科学 2016-06-28 Shaojie Tang , Jing Yuan

Motivated by the problem of selling large, proprietary data, we consider an information pricing problem proposed by Bergemann et al. that involves a decision-making buyer and a monopolistic seller. The seller has access to the underlying…

计算机科学与博弈论 · 计算机科学 2026-03-26 Andrew Li , R. Ravi , Karan Singh , Zihong Yi , Weizhong Zhang

We study the optimal referral strategy of a seller and its relationship with the type of communication channels among consumers. The seller faces a partially uninformed population of consumers, interconnected through a directed social…

物理与社会 · 物理学 2018-12-27 Elias Carroni , Paolo Pin , Simone Righi

We study the classic setting of envy-free pricing, in which a single seller chooses prices for its many items, with the goal of maximizing revenue once the items are allocated. Despite the large body of work addressing such settings, most…

计算机科学与博弈论 · 计算机科学 2017-05-03 Elliot Anshelevich , Koushik Kar , Shreyas Sekar

Academic research in the field of recommender systems mainly focuses on the problem of maximizing the users' utility by trying to identify the most relevant items for each user. However, such items are not necessarily the ones that maximize…

信息检索 · 计算机科学 2017-07-26 Dietmar Jannach , Gediminas Adomavicius

We describe a Bayesian model for social learning of a random variable in which agents might observe each other over a directed network. The outcomes produced are compared to those from a model in which observations occur randomly over a…

社会与信息网络 · 计算机科学 2014-07-03 Stan Palasek

We study envy-free pricing mechanisms in matching markets with $m$ items and $n$ budget constrained buyers. Each buyer is interested in a subset of the items on sale, and she appraises at some single-value every item in her preference-set.…

计算机科学与博弈论 · 计算机科学 2016-10-31 Riccardo Colini-Baldeschi , Stefano Leonardi , Qiang Zhang