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A single unit of a good is sold to one of two bidders. Each bidder has either a high prior valuation or a low prior valuation for the good. Their prior valuations are independently and identically distributed. Each bidder may observe an…

理论经济学 · 经济学 2022-05-10 Wanchang Zhang

We analyze a scenario in which software agents implemented as regret-minimizing algorithms engage in a repeated auction on behalf of their users. We study first-price and second-price auctions, as well as their generalized versions (e.g.,…

计算机科学与博弈论 · 计算机科学 2022-03-28 Yoav Kolumbus , Noam Nisan

Group-buying ads seeking a minimum number of customers before the deal expiry are increasingly used by the daily-deal providers. Unlike the traditional web ads, the advertiser's profits for group-buying ads depends on the time to expiry and…

计算机科学与博弈论 · 计算机科学 2012-06-05 Raju Balakrishnan , Rushi P Bhatt

Second-price auctions with reserve play a critical role for modern search engine and popular online sites since the revenue of these companies often directly de- pends on the outcome of such auctions. The choice of the reserve price is the…

机器学习 · 计算机科学 2014-12-03 Mehryar Mohri , Andres Muñoz Medina

Display advertising is an important online advertising type where banner advertisements (shortly ad) on websites are usually measured by how many times they are viewed by online users. There are two major channels to sell ad views. They can…

计算机科学与博弈论 · 计算机科学 2017-01-20 Bowei Chen

Bid shading plays a crucial role in Real-Time Bidding (RTB) by adaptively adjusting the bid to avoid advertisers overspending. Existing mainstream two-stage methods, which first model bid landscapes and then optimize surplus using…

计算机科学与博弈论 · 计算机科学 2026-04-30 Yinqiu Huang , Hao Ma , Wenshuai Chen , Zongwei Wang , Shuli Wang , Yongqiang Zhang , Xue Wei , Yinhua Zhu , Haitao Wang , Xingxing Wang

In a multiple-object auction, every bidder tries to win as many objects as possible with a bidding algorithm. This paper studies position-randomized auctions, which form a special class of multiple-object auctions where a bidding algorithm…

计算工程、金融与科学 · 计算机科学 2007-05-23 Yuyu Chen , Ming-Yang Kao , Hsueh-I Lu

We study revenue optimization learning algorithms for repeated second-price auctions with reserve where a seller interacts with multiple strategic bidders each of which holds a fixed private valuation for a good and seeks to maximize his…

计算机科学与博弈论 · 计算机科学 2019-06-25 Alexey Drutsa

We consider online procurement auctions, where the agents arrive sequentially, in random order, and have private costs for their services. The buyer aims to maximize a monotone submodular value function for the subset of agents whose…

计算机科学与博弈论 · 计算机科学 2025-04-15 Andreas Charalampopoulos , Dimitris Fotakis , Panagiotis Patsilinakos , Thanos Tolias

Real-Time Bidding (RTB) is revolutionising display advertising by facilitating per-impression auctions to buy ad impressions as they are being generated. Being able to use impression-level data, such as user cookies, encourages user…

计算机科学与博弈论 · 计算机科学 2016-03-04 Weinan Zhang , Yifei Rong , Jun Wang , Tianchi Zhu , Xiaofan Wang

Auction-based recommender systems are prevalent in online advertising platforms, but they are typically optimized to allocate recommendation slots based on immediate expected return metrics, neglecting the downstream effects of…

信息检索 · 计算机科学 2023-08-01 Ruiyang Xu , Jalaj Bhandari , Dmytro Korenkevych , Fan Liu , Yuchen He , Alex Nikulkov , Zheqing Zhu

After experimentation with other designs, the major search engines converged on the weighted, generalized second-price auction (wGSP) for selling keyword advertisements. Notably, this convergence occurred before position auctions were well…

计算机科学与博弈论 · 计算机科学 2014-08-05 David R. M Thompson , Kevin Leyton-Brown

Real-Time Bidding (RTB) display advertising is a method for purchasing display advertising inventory in auctions that occur within milliseconds. The performance of RTB campaigns is generally measured with a series of Key Performance…

计算机科学与博弈论 · 计算机科学 2020-07-02 Michael Tashman , Jiayi Xie , John Hoffman , Lee Winikor , Rouzbeh Gerami

Being an emerging paradigm for display advertising, Real-Time Bidding (RTB) drives the focus of the bidding strategy from context to users' interest by computing a bid for each impression in real time. The data mining work and particularly…

计算机科学与博弈论 · 计算机科学 2015-05-22 Weinan Zhang , Shuai Yuan , Jun Wang , Xuehua Shen

In pay-per click sponsored search auctions which are currently extensively used by search engines, the auction for a keyword involves a certain number of advertisers (say k) competing for available slots (say m) to display their ads. This…

计算机科学与博弈论 · 计算机科学 2010-01-17 Akash Das Sarma , Sujit Gujar , Y. Narahari

Sponsored search becomes an easy platform to match potential consumers' intent with merchants' advertising. Advertisers express their willingness to pay for each keyword in terms of bids to the search engine. When a user's query matches the…

计算机科学与博弈论 · 计算机科学 2012-07-20 Chenyang Li , Mingyi Hong , Randy Cogill , Alfredo Garcia

Automated bidding to optimize online advertising with various constraints, e.g. ROI constraints and budget constraints, is widely adopted by advertisers. A key challenge lies in designing algorithms for non-truthful mechanisms with ROI…

计算机科学与博弈论 · 计算机科学 2025-10-21 Yuan Deng , Yilin Li , Wei Tang , Hanrui Zhang

In this paper, we study the problem of learning to bid in repeated first-price auctions with budget constraints. In each period, the decision maker needs to submit a bid to win the auction and maximize the total collected reward, subject to…

最优化与控制 · 数学 2026-03-10 Zeng Fu , Jiashuo Jiang , Yuan Zhou

Contemporary real-world online ad auctions differ from canonical models [Edelman et al., 2007; Varian, 2009] in at least four ways: (1) values and click-through rates can depend upon users' search queries, but advertisers can only partially…

机器学习 · 计算机科学 2024-04-11 Ming Chen , Sareh Nabi , Marciano Siniscalchi

We examine ``tournament'' second-price auctions in which $N$ bidders compete for the right to participate in a second stage and contend against bidder $N+1$. When the first $N$ bidders are committed so that their bids cannot be changed in…

理论经济学 · 经济学 2024-03-14 Luca Anderlini , GaOn Kim