Advances in Mechanism Design and Auctions

The field of mechanism design and auctions is witnessing significant developments, with a focus on addressing real-world challenges and incorporating complexities such as spiteful agents, multi-stage settings, and risk sensitivity. Researchers are exploring new models and characterizing existing ones to improve the efficiency and robustness of auction mechanisms. Notably, the study of off-chain influence proof transaction fee mechanisms has led to the characterization of such mechanisms, providing a foundation for future research. Innovative approaches, such as stochastic modeling for reliable off-policy evaluation in ad auctions, are being proposed to tackle long-standing problems. Furthermore, the investigation of interactive platforms and sponsored questions has opened up new avenues for designing and analyzing online advertising mechanisms. Papers such as Characterizing Off-Chain Influence Proof Transaction Fee Mechanisms have made significant contributions by providing a burn identity relating the burn rule to the allocation rule. Breaking Determinism: Stochastic Modeling for Reliable Off-Policy Evaluation in Ad Auctions has introduced a principled framework for off-policy evaluation in deterministic auctions. Sponsored Questions and How to Auction Them has introduced a formal model for designing and analyzing interactive platforms, showing that the VCG mechanism can be adopted to jointly optimize sponsored suggestions and subsequent ad auctions.

Sources

Price of Anarchy of Multi-Stage Machine Scheduling Games

Mechanism Design with Spiteful Agents

Characterizing Off-Chain Influence Proof Transaction Fee Mechanisms

Posted Pricing for Online Selection: Limited Price Changes and Risk Sensitivity

Breaking Determinism: Stochastic Modeling for Reliable Off-Policy Evaluation in Ad Auctions

Sponsored Questions and How to Auction Them

Side-by-side first-price auctions with imperfect bidders

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