Proceedings:
Book One
Volume
Issue:
Proceedings of the AAAI Conference on Artificial Intelligence, 19
Track:
Game Theory and Economic Models
Downloads:
Abstract:
We study the recognized open problem of designing revenue-maximizing combinatorial auctions. It is unsolved even for two bidders and two items for sale. Rather than pursuing the pure economic approach of attempting to characterize the optimal auction, we explore techniques for automatically modifying existing mechanisms in a way that increase expected revenue. We introduce a general family of auctions, based on bidder weighting and allocation boosting, which we call
AAAI
Proceedings of the AAAI Conference on Artificial Intelligence, 19