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» On maximizing welfare when utility functions are subadditive
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SODA
2010
ACM
214views Algorithms» more  SODA 2010»
14 years 3 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
ATAL
2011
Springer
12 years 6 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
14 years 1 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
13 years 7 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»
13 years 28 days 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