NDLI: On optimal multidimensional mechanism design

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On optimal multidimensional mechanism design

Content Provider	ACM Digital Library
Author	Daskalakis, Constantinos Cai, Yang Weinberg, S. Matthew
Abstract	We solve the optimal multi-dimensional mechanism design problem when either the number of bidders is a constant or the number of items is a constant. In the first setting, we need that the values of each bidder for the items are i.i.d., but allow different distributions for each bidder. In the second setting, we allow the values of each bidder for the items to be arbitrarily correlated, but assume that the bidders are i.i.d. For all ε > 0, we obtain an efficient additive ε-approximation, when the value distributions are bounded, or a multiplicative (1--ε)-approximation when the value distributions are unbounded, but satisfy the Monotone Hazard Rate condition. When there is a single bidder, we generalize these results to independent but not necessarily identically distributed value distributions, and to independent regular distributions.
Starting Page	29
Ending Page	33
Page Count	5
File Format	PDF
ISSN	15519031
DOI	10.1145/1998549.1998555
Journal	ACM SIGecom Exchanges (SECO)
Volume Number	10
Issue Number	2
Language	English
Publisher	Association for Computing Machinery (ACM)
Publisher Date	2003-03-01
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Mechanism design Optimal multidimensional mechanism design
Content Type	Text
Resource Type	Article

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