NDLI: Selling in Exclusive Markets: Some Observations on Prior-Free Mechanism Design

Content Provider	ACM Digital Library
Author	Nguyen, C. Thach Peres, Yuval Karlin, Anna R.
Copyright Year	2013
Abstract	We consider prior-free benchmarks in non-matroid settings. In particular, we show that a very desirable benchmark proposed by Hartline and Roughgarden is too strong, in the sense that no truthful mechanism can compete with it even in a very simple non-matroid setting where there are two exclusive markets and the seller can only sell to agents in one of them. On the other hand, we show that there is a mechanism that competes with a symmetrized version of this benchmark. We further investigate the more traditional best fixed price profit benchmark and show that there are mechanisms that compete with it in any downward-closed settings.
Starting Page	1
Ending Page	31
Page Count	31
File Format	PDF
ISSN	21678375
e-ISSN	21678383
DOI	10.1145/2465769.2465772
Volume Number	1
Issue Number	2
Journal	ACM Transactions on Economics and Computation (TEAC)
Language	English
Publisher	Association for Computing Machinery (ACM)
Publisher Date	2013-05-01
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Approximation Benchmark Exclusive markets Mechanism design Non-matroid Prior free
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics Marketing Computational Mathematics Statistics and Probability Computer Science

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Selling in Exclusive Markets: Some Observations on Prior-Free Mechanism Design