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FOCS
2010
IEEE
13 years 2 months ago
Pure and Bayes-Nash Price of Anarchy for Generalized Second Price Auction
Generalized Second Price Auction, also knows as Ad Word auctions, and its variants has been the main mechanism used by search companies to auction positions for sponsored search l...
Renato Paes Leme, Éva Tardos
ATAL
2007
Springer
13 years 10 months ago
Outperforming the competition in multi-unit sealed bid auctions
In this paper, we examine the behavior of bidding agents that are in direct competition with the other participants in an auction setting. Thus the agents are not simply trying to...
Ioannis A. Vetsikas, Nicholas R. Jennings
STOC
2009
ACM
145views Algorithms» more  STOC 2009»
14 years 5 months ago
Intrinsic robustness of the price of anarchy
The price of anarchy (POA) is a worst-case measure of the inefficiency of selfish behavior, defined as the ratio of the objective function value of a worst Nash equilibrium of a g...
Tim Roughgarden
SIGECOM
2011
ACM
219views ECommerce» more  SIGECOM 2011»
12 years 7 months ago
GSP auctions with correlated types
The Generalized Second Price (GSP) auction is the primary method by which sponsered search advertisements are sold. We study the performance of this auction in the Bayesian settin...
Brendan Lucier, Renato Paes Leme
ATAL
2009
Springer
13 years 11 months ago
User modeling in position auctions: re-considering the GSP and VCG mechanisms
We introduce a study of position auctions, with an explicit modeling of user navigation through ads. We refer to our model as the PPA model, since it is most applicable in the con...
Danny Kuminov, Moshe Tennenholtz