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» On maximizing welfare when utility functions are subadditive
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SODA
2010
ACM
214views Algorithms» more  SODA 2010»
15 years 7 months ago
Amplified Hardness of Approximation for VCG-Based Mechanisms
If a two-player social welfare maximization problem does not admit a PTAS, we prove that any maximal-in-range truthful mechanism that runs in polynomial time cannot achieve an app...
Shaddin Dughmi, Hu Fu, Robert Kleinberg
72
Voted
ATAL
2011
Springer
13 years 9 months ago
Maximizing revenue in symmetric resource allocation systems when user utilities exhibit diminishing returns
Consumers of resources in realistic applications (e.g., web, multimedia) typically derive diminishing-return utilities from the amount of resource they receive. A resource provide...
Roie Zivan, Miroslav Dudík, Praveen Paruchu...
FOCS
2009
IEEE
15 years 4 months ago
Dynamic and Non-uniform Pricing Strategies for Revenue Maximization
We consider the Item Pricing problem for revenue maximization in the limited supply setting, where a single seller with n items caters to m buyers with unknown subadditive valuati...
Tanmoy Chakraborty, Zhiyi Huang, Sanjeev Khanna
FOCS
2008
IEEE
14 years 10 months ago
On the Approximability of Budgeted Allocations and Improved Lower Bounds for Submodular Welfare Maximization and GAP
In this paper we consider the following maximum budgeted allocation (MBA) problem: Given a set of m indivisible items and n agents; each agent i willing to pay bij on item j and w...
Deeparnab Chakrabarty, Gagan Goel
TOC
2010
127views Management» more  TOC 2010»
14 years 4 months ago
The Submodular Welfare Problem with Demand Queries
: We consider the Submodular Welfare Problem where we have m items and n players with given utility functions wi : 2[m] R+. The utility functions are assumed to be monotone and su...
Uriel Feige, Jan Vondrák