Comparing Position Auctions Computationally
DOI:
https://doi.org/10.1609/aaai.v24i1.7710Keywords:
Auctions and Market-Based Systems, E-Commerce, Game TheoryAbstract
Modern techniques for representing games and computing their Nash equilibria are approaching the point where they can be used to analyze market games. We demonstrate this by showing how the equilibria of different position auction mechanisms can be tractably identified using these techniques. These results enable detailed and quantitative comparisons of the different auction mechanisms — in terms of both efficiency and revenue — under different preference models and equilibrium selection criteria.
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Published
2010-07-05
How to Cite
Thompson, D., & Leyton-Brown, K. (2010). Comparing Position Auctions Computationally. Proceedings of the AAAI Conference on Artificial Intelligence, 24(1), 1694-1697. https://doi.org/10.1609/aaai.v24i1.7710
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Section
New Scientific and Technical Advances in Research