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The Maker Protocol is a decentralized finance application that enables collateralized lending. The application uses open-bid, second-price auctions to complete its loan liquidation process. In this paper, we develop a bidding function for…

交易与市场微观结构 · 定量金融 2021-05-27 Michael Darlin , Nikolaos Papadis , Leandros Tassiulas

Recommendation systems when employed in markets play a dual role: they assist users in selecting their most desired items from a large pool and they help in allocating a limited number of items to the users who desire them the most. Despite…

机器学习 · 计算机科学 2022-08-01 Yigit Efe Erginbas , Soham Phade , Kannan Ramchandran

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…

计算机科学与博弈论 · 计算机科学 2017-09-04 Yang Cai , Constantinos Daskalakis

We present a general framework for proving polynomial sample complexity bounds for the problem of learning from samples the best auction in a class of "simple" auctions. Our framework captures all of the most prominent examples of "simple"…

机器学习 · 计算机科学 2016-04-13 Jamie Morgenstern , Tim Roughgarden

This paper studies the optimal solution of the classical problem of detecting the location of multiple image occurrences in a two-dimensional, noisy measurement. Assuming the image occurrences do not overlap, we formulate this task as a…

图像与视频处理 · 电气工程与系统科学 2024-07-31 Simon Anuk , Tamir Bendory , Amichai Painsky

We consider the problem of finding a low-cost allocation and ordering of tasks between a team of robots in a d-dimensional, uncertain, landscape, and the sensitivity of this solution to changes in the cost function. Various algorithms have…

最优化与控制 · 数学 2023-06-29 Katie Clinch , Tony A. Wood , Chris Manzie

In this paper, we introduce a novel, non-recursive, maximal matching algorithm for double auctions, which aims to maximize the amount of commodities to be traded. It differs from the usual equilibrium matching, which clears a market at the…

计算机科学与博弈论 · 计算机科学 2013-04-12 Jinzhong Niu , Simon Parsons

We study the problem of computing optimal prices for a version of the Product-Mix auction with budget constraints. In contrast to the ``standard'' Product-Mix auction, the objective is to maximize revenue instead of social welfare. We prove…

计算机科学与博弈论 · 计算机科学 2022-08-05 Maximilian Fichtl

Optimal mechanism design enjoys a beautiful and well-developed theory, and also a number of killer applications. Rules of thumb produced by the field influence everything from how governments sell wireless spectrum licenses to how the major…

计算机科学与博弈论 · 计算机科学 2014-09-23 Tim Roughgarden

This paper describes an optimization model for setting bid levels for certain types of advertisements on web pages. This model is non-convex, but we are able to obtain optimal or near-optimal solutions rapidly using branch and cut…

离散数学 · 计算机科学 2007-06-27 Ralphe Wiggins , John A. Tomlin

We consider the classical linear assignment problem, and we introduce new auction algorithms for its optimal and suboptimal solution. The algorithms are founded on duality theory, and are related to ideas of competitive bidding by persons…

计算机科学与博弈论 · 计算机科学 2023-10-24 Dimitri Bertsekas

The ad-trading desks of media-buying agencies are increasingly relying on complex algorithms for purchasing advertising inventory. In particular, Real-Time Bidding (RTB) algorithms respond to many auctions -- usually Vickrey auctions --…

最优化与控制 · 数学 2016-06-20 Joaquin Fernandez-Tapia , Olivier Guéant , Jean-Michel Lasry

Matching problems have been widely studied in the research community, especially Ad-Auctions with many applications ranging from network design to advertising. Following the various advancements in machine learning, one natural question is…

数据结构与算法 · 计算机科学 2024-02-15 Eniko Kevi , Nguyen Kim Thang

In this paper, we study a number of well-known combinatorial optimization problems that fit in the following paradigm: the input is a collection of (potentially inconsistent) local relationships between the elements of a ground set (e.g.,…

数据结构与算法 · 计算机科学 2021-02-24 Vaggos Chatziafratis , Mohammad Mahdian , Sara Ahmadian

This paper presents theoretical and practical results for the bin packing problem with scenarios, a generalization of the classical bin packing problem which considers the presence of uncertain scenarios, of which only one is realized. For…

With spectrum auctions as our prime motivation, in this paper we analyze combinatorial auctions where agents' valuations exhibit complementarities. Assuming that the agents only value bundles of size at most $k$ and also assuming that we…

计算机科学与博弈论 · 计算机科学 2016-06-07 Dengwang Tang , Vijay Subramanian

We are interested in the problem of optimal commitments in rank-and-bid based auctions, a general class of auctions that include first price and all-pay auctions as special cases. Our main contribution is a novel approach to solve for…

计算机科学与博弈论 · 计算机科学 2015-02-27 Zihe Wang , Pingzhong Tang

In this paper, Lipschitz univariate constrained global optimization problems where both the objective function and constraints can be multiextremal are considered. The constrained problem is reduced to a discontinuous unconstrained problem…

最优化与控制 · 数学 2015-03-19 Yaroslav D. Sergeyev , Domenico Famularo , Paolo Pugliese

We study a seller who sells a single good to multiple bidders with uncertainty over the joint distribution of bidders' valuations, as well as bidders' higher-order beliefs about their opponents. The seller only knows the (possibly…

理论经济学 · 经济学 2022-02-16 Ethan Che

This paper presents the formulation of a combinatorial optimization problem with the following characteristics: i.the search space is the power set of a finite set structured as a Boolean lattice; ii.the cost function forms a U-shaped curve…

计算机视觉与模式识别 · 计算机科学 2008-11-03 Marcelo Ris , Junior Barrera , David C. Martins