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Home / Proceedings / Proceedings of the AAAI Conference on Artificial Intelligence, 18 / Book One

Partial-Revelation VCG Mechanism for Combinatorial Auctions

February 1, 2023

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Authors

Wolfram Conen

XONAR GmbH; Tuomas Sandholm

Carnegie Mellon University

DOI:


Abstract:

Winner determination in combinatorial auctions has received significant interest in the AI community in the last 3 years. Another difficult problem in combinatorial auctions is that of eliciting the bidders’ preferences. We introduce a progressive, partial-revelation mechanism that determines an efficient allocation and the Vickrey payments. The mechanism is based on a family of algorithms that explore the natural lattice structure of the bidders’ combined preferences. The mechanism elicits utilities in a natural sequence, and aims at keeping the amount of elicited information and the effort to compute the information minimal. We present analytical results on the amount of elicitation. We show that no value-querying algorithm that is constrained to querying feasible bundles can save more elicitation than one of our algorithms. We also show that one of our algorithms can determine the Vickrey payments as a costless by-product of determining an optimal allocation.

Topics: AAAI

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HOW TO CITE:

Wolfram Conen|| XONAR GmbH; Tuomas Sandholm|| Carnegie Mellon University Partial-Revelation VCG Mechanism for Combinatorial Auctions Proceedings of the AAAI Conference on Artificial Intelligence, 18 (2002) 367.

Wolfram Conen|| XONAR GmbH; Tuomas Sandholm|| Carnegie Mellon University Partial-Revelation VCG Mechanism for Combinatorial Auctions AAAI 2002, 367.

Wolfram Conen|| XONAR GmbH; Tuomas Sandholm|| Carnegie Mellon University (2002). Partial-Revelation VCG Mechanism for Combinatorial Auctions. Proceedings of the AAAI Conference on Artificial Intelligence, 18, 367.

Wolfram Conen|| XONAR GmbH; Tuomas Sandholm|| Carnegie Mellon University. Partial-Revelation VCG Mechanism for Combinatorial Auctions. Proceedings of the AAAI Conference on Artificial Intelligence, 18 2002 p.367.

Wolfram Conen|| XONAR GmbH; Tuomas Sandholm|| Carnegie Mellon University. 2002. Partial-Revelation VCG Mechanism for Combinatorial Auctions. "Proceedings of the AAAI Conference on Artificial Intelligence, 18". 367.

Wolfram Conen|| XONAR GmbH; Tuomas Sandholm|| Carnegie Mellon University. (2002) "Partial-Revelation VCG Mechanism for Combinatorial Auctions", Proceedings of the AAAI Conference on Artificial Intelligence, 18, p.367

Wolfram Conen|| XONAR GmbH; Tuomas Sandholm|| Carnegie Mellon University, "Partial-Revelation VCG Mechanism for Combinatorial Auctions", AAAI, p.367, 2002.

Wolfram Conen|| XONAR GmbH; Tuomas Sandholm|| Carnegie Mellon University. "Partial-Revelation VCG Mechanism for Combinatorial Auctions". Proceedings of the AAAI Conference on Artificial Intelligence, 18, 2002, p.367.

Wolfram Conen|| XONAR GmbH; Tuomas Sandholm|| Carnegie Mellon University. "Partial-Revelation VCG Mechanism for Combinatorial Auctions". Proceedings of the AAAI Conference on Artificial Intelligence, 18, (2002): 367.

Wolfram Conen|| XONAR GmbH; Tuomas Sandholm|| Carnegie Mellon University. Partial-Revelation VCG Mechanism for Combinatorial Auctions. AAAI[Internet]. 2002[cited 2023]; 367.


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Artificial Intelligence 1900 Embarcadero Road, Suite
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