We present a computational approach to the saddle-point formulation for the Nash equilibria of two-person, zero-sum sequential games of imperfect information. The algorithm is a ï¬...
We study sequential auctions for private value objects and unit-demand bidders using second-price sealed-bid rules. We analyze this scenario from the seller’s perspective and con...
Abstract. Continuity of the mapping from initial endowments and utilities to equilibria is an essential property for a desirable model of an economy – without continuity, small e...
We introduce an exploration scheme aimed at learning advertiser click-through rates in sponsored search auctions with minimal effect on advertiser incentives. The scheme preserves...
Jennifer Wortman, Yevgeniy Vorobeychik, Lihong Li,...
We present a characterization of empirical price data from sponsored search auctions. We show that simple models drawing bid values independently from a ï¬xed distribution can be...
Kuzman Ganchev, Alex Kulesza, Jinsong Tan, Ryan Ga...