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AAAI
2012
11 years 7 months ago
Optimal Auctions for Spiteful Bidders
Designing revenue-optimal auctions for various settings is perhaps the most important, yet sometimes most elusive, problem in mechanism design. Spiteful bidders have been intensel...
Pingzhong Tang, Tuomas Sandholm
EUMAS
2006
13 years 6 months ago
Optimal Strategies for Bidding on Perfect Substitutes in Simultaneous Vickrey Auctions
We derive optimal bidding strategies for a global bidder who participates in multiple, simultaneous second-price auctions with perfect substitutes. We first consider a model where...
Enrico Gerding, Rajdeep K. Dash, David C. K. Yuen,...
IJCAI
2007
13 years 6 months ago
Spiteful Bidding in Sealed-Bid Auctions
We study the bidding behavior of spiteful agents who, contrary to the common assumption of selfinterest, maximize a convex combination of their own proļ¬t and their competitorsā€...
Felix Brandt, Tuomas Sandholm, Yoav Shoham
AAAI
2010
13 years 6 months ago
Asymmetric Spite in Auctions
In many auctions, agents bid more aggressively than selfinterest would prescribe. This can be explained by spite, where the agent's utility not only increases in the agent�...
Ankit Sharma, Tuomas Sandholm
DAGSTUHL
2006
13 years 6 months ago
Optimal Bidding Strategies for Simultaneous Vickrey Auctions with Perfect Substitutes
In this paper, we derive optimal bidding strategies for a global bidder who participates in multiple, simultaneous second-price auctions with perfect substitutes. We first conside...
Enrico H. Gerding, Rajdeep K. Dash, David C. K. Yu...