We study the recognized open problem of designing revenuemaximizing combinatorial auctions. It is unsolved even for two bidders and two items for sale. Rather than pursuing the pu...
In many economic settings, convex figures on the plane are for sale. For example, one might want to sell advertising space on a newspaper page. Selfish agents must be motivated ...
We give a general technique to obtain approximation mechanisms that are truthful in expectation. We show that for packing domains, any α-approximation algorithm that also bounds ...
It is widely believed that computing payments needed to induce truthful bidding is somehow harder than simply computing the allocation. We show that the opposite is true for singl...
Moshe Babaioff, Robert D. Kleinberg, Aleksandrs Sl...
Algorithmic Mechanism Design focuses on Dominant Strategy Implementations. The main positive results are the celebrated Vickrey-Clarke-Groves (VCG) mechanisms and computationally ...