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| Content Provider | ACM Digital Library |
|---|---|
| Author | Miller, J. Benjamin Chawla, Shuchi |
| Abstract | We consider the problem of maximizing revenue for a monopolist offering multiple items to multiple heterogeneous buyers. We develop a simple mechanism that obtains a constant factor approximation under the assumption that the buyers' values are additive subject to a matroid feasibility constraint and independent across items. Importantly, different buyers in our setting can have different constraints on the sets of items they desire. Our mechanism is a sequential variant of two-part tariffs. Prior to our work, simple approximation mechanisms for such multi-buyer problems were known only for the special cases of all unit-demand or all additive value buyers. Our work expands upon and unifies long lines of work on unit-demand settings and additive settings. We employ the ex ante relaxation approach developed by Alaei [2011] for reducing a multiple-buyer mechanism design problem with an ex post supply constraint into single-buyer problems with ex ante supply constraints. Solving the single-agent problems requires us to significantly extend a decomposition technique developed in the context of additive values Li and Yao [2013] and its extension to subadditive values by [2015]. |
| Starting Page | 579 |
| Ending Page | 596 |
| Page Count | 18 |
| File Format | |
| ISBN | 9781450339360 |
| DOI | 10.1145/2940716.2940756 |
| Language | English |
| Publisher | Association for Computing Machinery (ACM) |
| Publisher Date | 2016-07-21 |
| Publisher Place | New York |
| Access Restriction | Subscribed |
| Subject Keyword | Approximation Unit-demand values Additive values Multi-parameter mechanism design |
| Content Type | Text |
| Resource Type | Article |
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